On today's episode, Financial Services Online highlights the rising demand for alternative asset offerings by high-net-worth clients in Australia, driving platform providers like Netwealth and BT Panorama to expand their offerings via collaborations. The Reserve Bank of Australia's recent 0.25% rate cut spurs an uptick in the housing market, with economists predicting further rate cuts that could stimulate more growth. A report by the Association of Super Funds of Australia showcases the expansion of life insurance coverage via superannuation, now safeguarding six million uninsured Australians. Lastly, despite the Australian Securities and Investments Commissions rigorous fight against fraudulent investment platforms, scam losses still surpassed $192 million last year, necessitating continued vigilance. Dive into all these financial updates with us at financialservicesonline.com.au.n
