This episode of the Daily Financial Services News Wrap with Paige Estritori delves into managed account trends, a global retirement savings crisis, Australia's vibrant housing market, and a significant ruling at the Australian Financial Complaints Authority. Australian advisers increasingly utilize managed accounts, tripling their usage over the past decade, with a keen focus on performance and platform availability. The Amundi Investment Institute suggests tax incentives, improved financial education, and employer contributions to combat the global savings crisis. In Australias housing market, Sydney leads the pack with consistent auction clearance rates above 70%. Lastly, a pivotal case saw QBE Insurance recover over $46,000 in payouts from a fraudulent claim, emphasizing the need for honesty in insurance claims. Tune in for expert insights into insurance, finance, superannuation, and money management.
