Sun, 18th Feb 2024

On this edition of Financial Services Online's weekly news wrap, Paige Estritori discusses artificial intelligence's evolving role in financial services, especially regarding consumer protection. The importance of clear policies and robust safeguards in this area is highlighted. The episode also covers the success of Self-managed Super Funds (SMSFs), who have performed well during fiscal adversities, thanks to a strategic focus on domestic equities and a defensive asset allocation approach. A rise in bogus claim handlers in the insurance sector, contributing to confusion and escalating premiums, is also addressed, alongside the significance of better regulations. Lastly, the increase in interest-free loans applications from parents for school expenses is discussed, advising families to be cautious of home loan rate variants. Stay informed with Financial Services Online for the latest updates on finance, insurance, and money management.n