Tue, 18th Jun 2024

In this episode of Financial Services News Wrap, Paige Estritori discusses Australians' growing fear of outliving their retirement savings, according to a study by Vanguard Australia. As escalating living costs exacerbate anxieties, the need for reliable financial advice becomes evident. Also discussed are increases in builder's warranty insurance premiums due to a rise in claim settlements, builder insolvency, inflation, and worker shortages. The show covers a marked rise in workplace mental health claims and absenteeism showing a need for specific mental health strategies in workplaces, reported by Allianz. Lastly, the episode points to the recent "Cash Out Day," a demonstration supporting continued use of physical currencies amid a drastic drop in ATM withdrawals. Tune in for comprehensive updates on finance, insurance, superannuation and money management.n