In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses key topics impacting Australia's financial industry. Topics include highlights from the IMAP conference and how the evolution of Separately Managed Accounts (SMAs) is shaping the financial sector, particularly following the merger of Generation Development Group and Evidentia. The podcast also covers ASIC's lawsuit against AustralianSuper over delays in processing death benefits impacting thousands. The conversation shifts to global news, focusing on the recent selloff in US stock markets following Trump's decision to increase tariffs on Canadian imports, causing a potential 10% drop in the S&P 500. Back home, the Reserve Bank of Australia's interest rate cut to 4.1% has spurred consumer confidence, despite global economic challenges. The podcast concludes with a positive note on the 0.6% growth in Q4 2024, promising domestic conditions.
