Fri, 19th Sep 2025

In the daily Financial Services News Wrap for September 19, 2025, Paige Estritori discusses the key financial topics in Australia. First, Estritori addresses the recent National Climate Risk Assessment, emphasizing the necessary action needed in response to the effects of climate change on the insurance industry, with government promises of support and investment. Next, a report from Russel Investments reveals a mismatch in understanding between financial advisors and their clients, suggesting a need for more catered client-approaches and better communication. Estritori then covers the latest legislative measures from the Australian Securities and Investments Commission, aiming to clarify general financial advice. Finally, the cost of living in Australia is discussed, with matters such as high prices for essential goods and inflation, offset by faster wage growth and tax cuts. Stay updated with Financial Services Online for critical analysis of the financial landscape.n