Mon, 26th May 2025

In this episode of Daily Financial Services News Wrap, host Paige Estritori discusses major happenings in the world of finance and economy. Australia's fund manager, Rest, welcomes Michael Clancy as its new Chief Investment Officer, aiming to leverage his experience to boost investment growth. The Australian wealth management industry is in need of urgent transformations, with experts pushing for increased use of technology in delivering financial advice. The APRA is increasing its oversight of superannuation products to ensure alignment with member interests. Internationally, new US tax legislation induces concern among investors, while the Aussie ASX 200 index dips slightly amidst favourable conditions. The host encourages listeners to keep abreast with financial news to effectively manage their monetary affairs.n