In this episode of the Daily Financial Services News Wrap, we discuss the shift in Australian investment strategies amidst economic instability, with a majority planning to increase their actively managed investments. Regulatory body, the Australian Financial Complaints Authority (AFCA), has been clarifying the classification criteria for self-managed super funds, establishing a need for advisers to understand regulatory details and enhance consumer trust. In housing news, Western Australia allocates a significant budget to address housing price inflation and rental shortages due to population growth. Lastly, the episode covers an unusual case where an insurance claim was denied due to evidence suggesting fraud, underscoring the importance of honesty in insurance dealings. Tune in for key insights from Financial Services Online on these industry developments.
