Wed, 13th Aug 2025

In this episode of Financial Services Online's daily news wrap, financial expert Charlie Viola highlights the potential in servicing the overlooked mass affluent market in the Australian financial industry, and the need for clearer fee structures and advisor qualifications associated with the government's reforms. Responding to recent superannuation cyberattacks, the Australian Prudential Regulation Authority advocates for stronger cybersecurity measures and co-ordinated action. Melbourne's housing market is deemed attractive to investors due to modest growth and projected population increases. Finally, the Australian Securities and Investments Commission is addressing concerns with professional indemnity insurance transparency among Australian Financial Services Licence holders, with plans to launch an updated Financial Advisers Register. Visit www.financialservicesonline.com.au for more information.n