Mon, 5th Aug 2024

In this episode of Weekly Finance News Wrap, Paige Estritori explores the tumult in the Australian retail sector due to e-commerce participants like Amazon, with traditional retailers urged to adapt or perish. The podcast also reports on governmental measures to counter financial scams, which saw Australians losing over two billion dollars in the previous year. The establishment of the National Anti-Scam Centre has resulted in a 30% decrease in investment scam losses. Theres growing concern over rising rental costs, fueled by increased migration and low housing construction, impacting Australian renters. The podcast concludes with the Australian Securities and Investments Commission's tighter regulations on financial advisors' qualifications and maintenance of their register. Stay tuned with Paige Estritori at Financial Services Online for continued coverage on finance-related news and trends.n