Mon, 20th May 2024

In this episode of the Daily Financial Services News Wrap, Paige Estritori explores the financial challenges SMEs face as the superannuation guarantee is set to increase from 11% to 12% by 2025. Disappointment arises over the Albanese government's budget, deemed unhelpful to first-time home buyers despite the proposed 'Homes for Australia Plan'. The Australian Senate, led by Greens Senator Mehreen Faruqi, is investigating the impact of climate risks on insurance costs, with a report due this November. Lastly, a significant development in employment and mental health is highlighted as an ex-caretaker receives $1.2 million for workplace-induced psychological trauma. Tune in for a succinct summary of the financial news impacting Australia.n