In this episode of the Daily Financial Services News Wrap, we delve into urgent calls for more collaboration between industry funds and financial advisors to help retirees navigate complex retirement income products. With increasing technological advancements, the challenge lies in effectively comparing intricate retirement products. In addition, we also discuss how the rise of cryptocurrencies and bullish equity trends are shaping client expectations. Amidst legislative reforms and technological advancements, issues such as staffing shortages and the importance of AI emerge. We report on Bendigo and Adelaide Bank's new strategy of charging a fee for cash withdrawals, and the associated potential reputational risk. Lastly, we explore the increasing use of catastrophe bonds as a means to manage cyber risks, as cyber insurance premiums rise. Stay informed with the latest financial trends at financialservicesonline.com.au.
