Fri, 27th Dec 2024

In this episode of Daily Financial Services News Wrap, host Paige Estritori discusses key issues in the Australian financial landscape. Rising summer temperatures are driving up energy costs, with 27% of households facing financial pressure. Behavior changes, like relocating appliances or using cold water for laundry, could help cut costs. Treasurer, Jim Chalmers, is exploring restructuring tax concessions on high-value superannuation accounts to relieve budgetary pressures. Australia's Boxing Day sales are forecasted to reach $1.3 billion, an increase of 1.8% from the previous year. Meanwhile, RACQ Insurance is joining RIA Australasia in response to climate-related concerns, which could lead to higher industry standards. Stay tuned to Financial Services Online for more insights.