Fri, 12th Sep 2025

In this episode, Paige Estritori reviews key financial news in Australia, including the Commonwealth Bank's concern over the RBA's proposed reduction in card transaction fees, which critics fear could increase consumer costs and affect rewards schemes. Discussions also focus on the potential disruption to Australia's Compensation Scheme of Last Resort due to a lack of funds, and the implications for future compensation payments. The podcast further mentions the surge in consumer spending, which might lessen the need for future interest rate cuts. Finally, the podcast covers the need for more financial advisers to cater to the growing retiree population in Australia, and the challenges faced in attracting advisers due to high costs and stiff education requirements.