In this episode of Financial Services Online, Paige Estritori discusses the latest financial news relevant to Australians. Coverage includes the growth of Australia's millionaire population, driven by rising home values and smart finance strategies. The superannuation sector is in detail as APRA sharpens its focus on fund asset management, particularly regarding HESTA's member compensation for unlisted asset repricing and impending reviews for improved financial governance. In corporate updates, Bella Financial Group prepares for full control of Selfwealth by acquiring all outstanding shares, aiming to boost their digital broking segment. A significant legal victory for privacy rights in a dispute between a claimant and Southern Cross Travel Insurance is also discussed, setting a precedent for privacy and claims investigation.
