In this Daily Financial Services News Wrap, Paige Estritori discusses major financial developments in Australia. First, Deputy Governor Andrew Hauser of the Reserve Bank of Australia justifies controversial rate cuts, insisting the move was about risk management and stating the bank's continued vigilance against inflation. Next, the podcast highlights UniSuper's innovative digital advice platform produced in collaboration with Ignition Advice, aiming to offer scalable, personalized financial guidance. The insurance industry is also featured, disputing Peter Dutton's proposal to split major firms, arguing that more factors, including disaster preparedness, could lead to more sustainable premium reductions. Lastly, the increased demand for alternative assets amongst high-net-worth clients is discussed, with firms like Netwealth and BT Panorama expanding into private market options. Tune in for comprehensive coverage on Australia's financial landscape.n
