Sat, 16th Aug 2025 - Financial Services News Wrap

What this episode covers

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key updates in the Australian financial sector. Topics include a 67% rise in median advice fees over the past five years, indicating a shift towards premium advisory services and catering to higher value clients. The episode also explores a collaboration between AMP and fintech firm Citro to boost Australians' retirement funds through a cashback reward program. Also covered is a review of Bell Financial Group's diversification strategy amidst a downturn in revenue. Lastly, news from the insurance sector includes an Australian Financial Complaints Authority's order for an insurance broker to settle a substantial declined fire claim, highlighting the role of brokers in risk evaluation.n

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When was this Financial Services News Wrap episode published?

This episode was published on August 15, 2025.

What is this episode about?

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key updates in the Australian financial sector. Topics include a 67% rise in median advice fees over the past five years, indicating a shift towards premium...

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