On this episode, Paige Estritori of Financial Services Online discusses the rapid evolution of Separately Managed Accounts (SMAs), with specific focus on the strategic merger of the Generation Development Group and Evidentia. The episode also addresses regulatory actions by the Australian Securities and Investments Commission against AustralianSuper over delays in processing death benefit claims. Internationally, tensions rise as US stocks drop due to President Trump escalating tariffs on Canadian steel and aluminium, causing uncertainty among investors. On a brighter note, the Reserve Bank of Australia boosts consumer confidence by cutting the official interest rate to 4.1%, lifting national morale to a three-year high. This episode concludes with a positive outlook on Australia's economy despite international trade tensions. Stay informed about insurance, finance, superannuation, and money management subjects with Financial Services Online.
