Mon, 22nd Sep 2025

This podcast highlights key financial news and developments in Australia. Topics include the publication of Australia's first National Climate Risk Assessment and National Adaptation Plan, which predict rising insurance costs due to increased climate challenges. The Australian government is addressing this by bolstering the cyclone reinsurance pool and investing in disaster preparedness. The episode also discusses the results of a Russel Investments report on financial advising and the need for advisors to recognize the emotional aspect of gaining financial control. The Australian Securities and Investments Commissions legislation consolidation is discussed, emphasizing the importance of consumer education on different advice types. Finally, Sarah Hunter, the Reserve Bank's assistant governor, speaks on sustained living cost increments, countered by wage growth due to tax cuts and interest rate reductions.