In this episode of the Daily Financial Services News Wrap, the Australian Securities Exchange experiences a $45 billion loss due to global fears of a US recession, caused by volatile tariff policies and low employment figures in the US. In other news, the Australian investment advice sector has seen significant advancements over the past decade due to increased innovation and regulatory changes. A call to action from the Self Managed Super Fund Association aims to change the role designation for financial advisors on the Australian Taxation Office portal to prevent superannuation errors. The podcast concludes with highlighting the gender disparity in Australia's retirement preparedness, with only 34% of women compared to 53% of men, emphasizing the need for tailored financial advice for women.n
