In this episode, Financial Services Online discusses key events in Australia's financial sector such as the Reserve Bank of Australia's decision to reduce the cash rate to 4.1% and Deputy Governor Andrew Hauser's defense of this decision. The digital transformation in financial advice is also highlighted, with UniSuper launching its digital advice platform created with Ignition Advice. The controversy over Opposition Leader Peter Dutton's proposal to break up insurance corporations as a strategy to reduce insurance premiums is examined, with critics suggesting a focus on improving disaster preparedness and taxation. Finally, notable platform providers are expanding their alternative asset offerings in response to demands from high-net-worth clients.
