In this episode of the Daily Financial Services News Wrap, we address the fallout of the escalating US-China trade war, including a $50 billion dip in the Australian Stock Exchange. Investors are advised to diversify their portfolios. We move to local news, with the Super Members Council advocating for an expansion of Australias Fair Entitlements Guarantee scheme to include unpaid Superannuation Guarantee contributions. In regulatory matters, the Australian Securities and Investments Commission is overseeing the liquidation of First Guardian Master Fund. Lastly, Suncorp, an Australian insurance leader, plans to slash its motor claims assessing team in favor of offshoring, prompting concerns about job security. Tune in for safe investment and financial prosperity advice.n
