Fri, 2nd Aug 2024

In this episode of Financial Services Online, Paige Estritori discusses recent industry news surrounding insurance claims and regulations. An earthquake insurance dispute highlights the need for regular property maintenance as insurers may reject claims citing wear and tear exclusions. The Albanese government is stepping up its fight against financial scams, investing $58m to boost efforts, and calling upon banks, telecoms, and social media giants to combat these scams. Increasing rents are contributing to economic inequality, with unit costs escalating 22% within two years. ASIC also introduces a new compliance program, demanding financial advising professionals to ensure their qualifications and records meet the stringent standards by 2026. Lastly, the podcast emphasizes keeping abreast of insurance, finance, superannuation, and money management news via their website.n