In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses major financial issues affecting Australia. One story highlights the Halls Gap insurability crisis, where recent bushfires have spiked insurance costs leading to potential business closures. The episode touches on the evolving global investment landscape, wherein equities & ETFs are becoming more prominent, on account of increased investor confidence. However, a need for transparency concerning fees associated with international equities is identified. In superannuation, regulators APRA and ASIC are pushing for a climate risk management code for super funds. Lastly, economic tensions between the Reserve Bank's anti-inflation efforts and government's fiscal expansion are noted, marked by a potential stagnation in the private sector, contrasting to the bolstered public sector. Stay tuned for updates on these developing stories.
