In the Daily Financial Services News Wrap, Paige Estritori discusses key Australian financial matters. Standardization in performance assessment for managed accounts is highlighted, with the potential of self-regulation in light of risks faced from regulatory scrutiny and dwindling client trust. Housing affordability remains a significant concern for mid-income Aussies with proposals like 40-year mortgages offering immediate relief, but possibly exacerbating long-term debt. Retirement planning is the center of debate, with personal wealth versus government support, and the issue of asset growth is impacting pension rights. Lastly, a rise in Total and Permanent Disability claims, particularly among 30 to 40-year-olds due to mental health issues, emphasizes the urgent need for prevention and support measures. Tune in tomorrow for more financial news from Australia.n
