Sun, 10th Mar 2024

In this episode of the Daily Financial Services News Wrap, Paige Estritori reports on key updates in the financial sector. David Hartley, former CIO of SunSuper presents concerns on the impact of superannuation policies on housing prices, proposing a capital gains tax at retirement as a solution. An investment analysis suggests changing economic conditions may require investors to reconsider their focus on U.S. growth and tech stocks, turning instead to international diversification. A case involving Allianz Australia denying an insurance claim due to drug use stresses the importance of transparency. And finally, the Insurance Council of Australia reports $1.2 billion in insured losses from recent weather disruptions, with about 28% of 90,000 claims settled so far.n