Tue, 14th Jan 2025

In this Daily Financial Services News Wrap, focus is on the impressive growth of the ETF industry in 2024 that saw an amplifying $35 billion in net inflows. Particularly the rise of Bitcoin and the introduction of 64 new ETFs are discussed. The Association of Superannuation Funds of Australia exhorts greater concentration on retirement planning, with importance being stressed on professional financial guidance and comprehensive analyses of superannuation statements. Attention is also directed towards the Australian dollar's recent slump and the subsequent economic alterations, including potential inflation, as well as prospective boons such as an invigoration of the tourism and export sectors. Lastly, the necessity of improved collaboration between industry funds and financial advisers to optimally benefit retirees is emphasized. This summary provides a comprehensive view of the country's key financial developments as of January 14th, 2025.n