Sat, 13th Sep 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode, Paige Estritori of Financial Services Online provides a weekly finance news summary. The podcast covers the Commonwealth Bank of Australia's challenge to the Reserve Bank's fee reform, potentially raising consumer costs and reducing rewards programs. There's also potential disruption to future interest rate reduction due to an increase in consumer spending, driven by higher income, more employment, and previously reduced interest rates. A possible setback in compensation payments from the Compensation Scheme of Last Resort due to funding shortfalls is also highlighted. Finally, the show discusses the growing demand for financial advisors as the retiree population swells, and the regulatory changes needed to attract foreign talent. For more insights, visit financialservicesonline.com.au.
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