In this episode of the Financial Services News Wrap, host Paige Estritori discusses the Insurance Council of Australia's proposed $30.15 billion fund for combating Australia's escalating flood risks. There's also debate around the insurer responsibilities and the call for government collaboration. The podcast highlights the decline in Australians' confidence for comfortable retirement, revealed in the "Rethinking Retirement" report, primarily due to rising living costs, and the critical need for payday super reforms to address a $5 billion unpaid super deficit. Additionally, the episode covers Telstra's financial moves, including a dividend boost, a $750 million share buy-back plan, and planned investment for improved mobile network.n
