In this episode of the Financial Services Online Daily Financial Services News Wrap, we discuss the Australian financial industry's urgent call for greater collaboration between superannuation funds and financial advisors, citing the variability of product outcomes and evolution in advice processes. We touch upon the changing dynamics of the financial landscape, such as steep client expectations, changing educational requirements and the transformative role of AI. The episode includes commentary on challenges like upcoming election year reforms and staffing shortages. Additionally, we critically evaluate Bendigo and Adelaide Bank's controversial new withdrawal fees policy. Finally, we explore the emergence of catastrophe bonds as a response to growing cyber risk management issues.n
