In this podcast, Paige Estritori covers notable updates in the Australian financial sector for May 31st, 2025. Highlights include the Labor government's plan to reduce student loan debts by 20%, intending to take effect in late July, alongside a lift of repayment threshold from $54,000 to $67,000. Troubles lie ahead for AMP Limited as they face a class action lawsuit for alleged overcharging of superannuation account holders. The Australian Securities Exchange experienced a boost, partly attributed to a US court's decision to halt Trump-imposed tariffs. Despite a slight dip in the superannuation sector, contributions have risen dramatically following a guarantee increase to 11.5%. Stay updated with more finance, insurance, superannuation, and money management news at financialservicesonline.com.au.
