This episode of Financial Services Online covers the impact of the escalating US-China trade war, with the US imposing a 125% tariff on Chinese goods and China reciprocating. This triggered a global market reaction, including a $50 billion plunge in the Australian Stock Exchange. On the domestic front, the Super Members Council is pushing for an expansion of Australias Fair Entitlements Guarantee scheme to include unpaid superannuation guarantee contributions which could secure a fairer financial future for employees. The ASIC safeguards financial integrity, appointing liquidators to First Guardian Master Fund and its associates amid investor risks. Lastly, Suncorp plans to reduce its motor claims assessing team, despite union opposition. Stay updated on financialservicesonline.com.au.
