In this episode, Paige Estritori discusses highlights from the Australian financial industry. We learn that there's been a significant rise in the number of millionaires in Australia, fueled primarily by increases in home values. Transitioning to superannuation, APRA has put an intense focus on super fund asset management, particularly in light of compliance issues uncovered at HESTA. In corporate news, Bella Financial Group announced its plan to gain full ownership of Selfwealth, an anticipated move to strengthen their digital broking sector. Finally, a decisive case by the Australian Financial Complaints Authority upholds privacy rights against Southern Cross Travel Insurance's data access practices, setting expectations for an even balance between privacy and efficient cases investigation in the insurance sector.
