Sat, 22nd Jun 2024

In this Financial Services Online podcast, Paige Estritori discusses important updates from NSW Government's budget, which brings relief to the insurance sector by allocating $5.7 billion for disaster prevention, aiming to reduce insurance premiums and mitigate severe weather impact with key investments in Resilient Homes and Lands Programs. She also highlights financial insecurity among Generation X due to inflation and debt, with digital advice becoming increasingly popular. There's concern over a 43% year-on-year increase in card scheme fees troubling local Australian businesses, prompting potential regulatory measures from the Reserve Bank. In cryptocurrency news, the Australian Securities and Investments Commission is enforcing stricter compliance rules following a court case involving Block Earner. For full details on these stories, visit financialservicesonline.com.au.