Mon, 12th Aug 2024

This episode of the Daily Financial Services News Wrap discusses a call from major Australian financial bodies, including the Super Members Council and Women in Super, for the overhaul of superannuation death benefit laws to protect abuse victims from financial exploitation. There's also a shift in economic confidence as household savings accumulated during the pandemic are predicted to run out by next year, potentially affecting consumer consumption growth. Corporate insolvencies have seen a significant rise, particularly among SMEs due to persistent inflation and increasing interest rates. The podcast closes with news on home insurance rates, which may stabilize in response to increasing costs related to natural disasters and growing building costs. For more detailed coverage, visit financialservicesonline.com.au.n