In this episode of Financial Services Online, we cover key updates in Australian finance, including a significant boost in retirement savings expected due to changes in the Superannuation Guarantee. Despite gains, we highlight the need for better understanding of superannuation rates among Australians. We also discuss new APRA regulations that give lenders more flexibility in considering Higher Education Loan Program debts in home loan assessments, which could impact home lending practices. A controversial insurance claim denial emphasizes the importance of understanding policy fine prints, and amid economic instability, we explore why Australian investors are now prioritising safety over performance, with 91% of investors trusting financial advisers for investment decisions. Stay tuned for more finance news and updates.
