In this podcast, Paige Estritori discusses timely news of the financial sector. She begins cautioning young users about unchecked usage of Buy Now Pay Later services that lead to high debts, citing an example of a young consumer who spent $19,000 within two years. More regulations and checks were introduced to protect customers. In superannuation news, she talks about an impending hike that will increase employer contributions to 12% from 11.5% which might affect fixed salary packages. But, it offers a surge in retirement savings. In other news, international investment in Australian commercial real estate debt grows with a recent funding round locking $650 million, with $300 million from CPP Investments. Finally, she highlights the importance of transparency in handling insurers, evidenced by a recent AFCA ruling that upheld an insurer's claim rejection due to non-disclosure of vital info by the policyholder.
