Tue, 21st Jan 2025

This episode of Financial Services Online focuses on three main topics: the aftermath of severe electrical storms in New South Wales and the Australian Capital Territory, where 11,000 insurance claims have been filed for home damages; a debate over Australias superannuation system with calls for reducing the 12% guarantee rate, and the importance of the superannuation system to Australia's socio-economic structure; and a substantial increase in Australians seeking debt help services due to rising living costs and interest rates. This trend is especially significant among younger people, and has sparked calls for financial education in schools. The episode also covers the initiatives undertaken by the NSW government for disaster recovery and Suncorp's deployment of its Mobile Disaster Response Hub.n