Sun, 1st Dec 2024

In this podcast, Paige Estritori of Financial Services Online discusses various finance news. A senate inquiry in Australia recommends policy change to ease mortgage lending rules which could help struggling new buyers. The 3% serviceability buffer may be adjusted according to economic conditions. In the investment world, Franklin Templeton highlights the impact of digital wallets which could revolutionize traditional investment methods by streamlining processes, offering real-time valuations, and increasing portfolio flexibility. The transition to digital continues to make fractional investments more accessible. Finally, Bella Financial Group announces plans to acquire Selfwealth, aimed at strengthening its position in the digital broking sector. The acquisition, valued at $57.7 million, is said to enhance BFG's synergy and scale while continuing to operate under Selfwealth's existing brand.