Tue, 10th Dec 2024

This week's Finance News Wrap discusses the 2024 Australian Financial Advice Report wherein almost half of Australia's adult population indicates a preferential shift from full-service financial advice to issue-specific guidance on retirement, investments, taxes, and home ownership. The episode also covers significant leadership changes in the ANZ Bank with Nuno Matos set to take over from Shayne Elliott, focusing on the integration of the Suncorp Bank acquisition. The show addresses the growing housing affordability issue and the rise of 40-year mortgages. Additionally, the Australian dollar is facing instability with its value dropping to a six-month low due to global economic factors. Predictions for 2025 hint at possible slowdown in growth and inflation. Tune in for this comprehensive rundown of Australia's finance sector.n