In this episode of the Daily Financial Services News Wrap, Paige Estritori provides insights into the crucial happenings within the financial service sector. The Association of Superannization Funds of Australia is pushing for tax incentives for the Build-to-Rent sector that favours not only members' risk-adjusted returns but also local affordable housing. A recent CFA Institute survey reveals that the class of 2024 values financial stability, skills in emerging tech like AI, and corporate ethics. APRA urges superannuation funds to address gaps in their crisis readiness in light of new CPS 190 standards taking effect in January. Lastly, the episode addresses an outcry over inflated broker fees in the strata sector, while ethical standards are being considered by the New South Wales government to increase transparency.
