In this episode of the Daily Financial Services News Wrap, host Paige Estritori covers the latest updates in Australia's financial sector. Topics include the launch of a new micro-cap fund by seasoned investors Tim Canham and Wik Farwerck, catering to Australian investors interested in the less-researched micro-cap segment. The episode also discusses the Payday Superannuation scheme with concerns about unpaid superannuation due to business insolvency. It touches on the country's financial anxiety, which has reached a seven-year high, with approximately 60% of Australians using savings for daily expenses. Recent interest rate cuts offer a slight boost to retail sentiment. Play-out news highlights the implications of U.S. tariff policies from the Trump era on Australian fund managers, warning of increased market volatility. Finally, estimates of fair value for financial firms like Challenger and Platinum remain consistent.n
