In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses critical updates on the financial landscape in Australia. Topics include the Australian Prudential Regulation Authority's plan for a resilience assessment of Australia's financial system. This test will measure the preparedness of banking, insurance, and superannuation funds for economic and environmental shocks. The podcast also covers the thriving superannuation sector, APRA's role in its oversight, and the anticipated effects of climate-related risks. Estritori discusses the increased weather-related insurance claims nationwide, prompting homeowners to be better prepared. Lastly, she highlights a study on high-net-worth women outperforming in aggressive investments, calling attention to the small number of female advisors in finance despite the growing influence of affluent women.
