In this podcast, Paige Estritori discusses the key financial news. There's been a worrying decline in financial adviser numbers in Australia, impacting client access to guidance, and increasing competition for talent among firms. The financial advisory industry is facing transformation hence, talent retention crucial than ever. The episode also discusses the Progressive Super Surcharge and Tax Offset proposed by Wilson Asset Management as a potential fairer alternative tax model. In other news, older Australian citizens struggle with complex reverse mortgages, and the national brokerage firm, Seniors First, reports a triple increase in inquiries from people over 60. Lastly, a comprehensive review of the Life Insurance Code of Practice led by former deputy chair of ASIC and ACCC, Peter Kell, focusing on consumer outcomes and key issues such as mental health claims, is set to begin. For more updates, listeners are encouraged to visit financialservicesonline.com.au.
