In this episode of Financial Services News Wrap, Paige Estritori discusses potential economic difficulties for Australians due to a cost of living crisis and stagnant wages despite a slight dip in inflation rates. Noah Capozza, a financial expert from Link Wealth Group, suggests diversifying investments into properties and shares as a strategic response. Significant steps are being taken to reduce the gender superannuation gap, with reforms leading to superannuation payable on Commonwealth Parental Leave. Professional auditing standards were addressed as David Makowa, an auditor involved in the collapse of Brite Advisers, was deregistered by ASIC for substantial auditing faults. The episode wraps with the appointment of Peter Tilocca as Head of Underwriting for life insurer, ClearView, alongside changes to company standards aiming to stimulate growth and align their offerings with Australian initiatives.
