Thu, 3rd Jul 2025

In this episode of the Daily Financial Services News Wrap, financial expert Noah Capozza warns Australians to brace for a potential cost of living crisis despite slight dips in inflation rates. He advises the public to reevaluate financial strategies due to stagnant wages and skyrocketing housing costs. In superannuation news, a significant reform effective from July 1, expected to reduce the gender superannuation gap by about 25%, is highlighted. However, regional disparities persist, particularly in Western Australia. From a regulatory perspective, ASIC has begun to deregister auditor David Makowa following major auditing deficiencies, reasserting its commitment to uphold auditing standards. Lastly, ClearView, an ASX-listed life insurer, appointed Peter Tilocca as Head of Underwriting and announced strategic underwriting process changes. Paige Estritori hosts for Financial Services Online.