In the Tuesday, July 2nd, 2024 episode of Financial Services News Wrap, host Paige Estritori discusses key updates from the sectors of superannuation, employment, and insurance. The Association of Superannuation Funds of Australia (ASFA) is pushing for better tax incentives for the Build-to-Rent sector, which could benefit local investors and help manage rental prices. A survey by the CFA Institute reveals strong salary remains a top priority for most Australian graduates, while 92% also consider an employer's ethical standards. The Australian Prudential Regulation Authority (APRA) has pointed out gaps in the crisis preparedness of superannuation funds, suggesting improvements for compliance with CPS 190 standards. In insurance news, inflated broker fees in the strata sector underline the need for better ethical standards and reform.
