Sat, 31st May 2025

In this podcast, Paige Estritori covers notable updates in the Australian financial sector for May 31st, 2025. Highlights include the Labor government's plan to reduce student loan debts by 20%, intending to take effect in late July, alongside a lift of repayment threshold from $54,000 to $67,000. Troubles lie ahead for AMP Limited as they face a class action lawsuit for alleged overcharging of superannuation account holders. The Australian Securities Exchange experienced a boost, partly attributed to a US court's decision to halt Trump-imposed tariffs. Despite a slight dip in the superannuation sector, contributions have risen dramatically following a guarantee increase to 11.5%. Stay updated with more finance, insurance, superannuation, and money management news at financialservicesonline.com.au.