Sun, 5th Jan 2025

In this week's Daily Financial Services News Wrap, AMP makes a daring move by dipping its toe into cryptocurrencies and Bitcoin investment with the help of BTC Markets. This bold step signifies a trend of modernizing traditional financial institutions in Australia. Away from crypto, NESS Super improves members' services via a digital advice platform in collaboration with Otivo, a move expected to revolutionize financial advisement. Former Treasurer Peter Costello alerts on the economic imbalance caused by the increasing public spending. As a remedy, he suggests fiscal responsibility and strategic industry reforms focusing on innovation and infrastructure. Last but not least, the government's impending policy change aims to simplify insurance advice, improving consumer outcomes, accessibility, and introducing a new class of advisors for consumers with lighter needs.n