Mon, 4th Nov 2024

This episode of the Daily Financial Services News Wrap brought by Paige Estritori explores a range of financial topics from Australia and around the world. The merger between CareSuper and Spirit Super has resulted in Australia's 14th largest super fund. The new entity, under the CareSuper brand, holds $53 billion in assets. The podcast also discusses the growing role and trust of AI in financial services. Interestingly, greater familiarity with AI correlates with increased trust in using it for financial advice. A segment on the Australian Financial Complaints Authority (AFCA) asks MetLife to reassess an income protection claim. Lastly, Australia's economy's recovery from the recession is discussed, considering anticipated tax cuts, interest rates, declining GDP and population growth. More updates are available on the website, financialservicesonline.com.au.n