In this episode, Paige Estritori discusses major happenings in Australia's financial services sector. Firstly, key superannuation funds are partnering with regulators to simplify compliance procedures, align businesses with the new Financial Accountability Regime (FAR), and improve financial stability. In a separate topic, the financial advising sector appears to be recovering, with advisors' commitment and profitability on the rise. However, regulatory challenges and retiree service requirements continue to test the sector. An impending economic threat of capital shallowing is also considered, as the population growth surpasses investment in business and infrastructure. In other news, a service disruption at superannuation fund HESTA has prompted frustrations, but hopes are high for their new adviser portal launch.
