Wed, 16th Oct 2024 - Financial Services News Wrap

What this episode covers

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses several prominent issues. Western Australian homeowners face a crisis caused by defective Iplex plumbing systems, prompting calls for industry reform to handle insurance renewal denials. The Australian Securities and Investments Commission mandates new record-keeping practices for Australian Financial Services licensees. The requirements stress maintaining accurate records of personal advice for seven years, active licensee arrangement or not. Gen Z Australians show increased investment in local stocks, with a 46% increase in stock market engagement. Lastly, Westpac ends cardless ATM withdrawals due to safety concerns, signifying the delicate equilibrium between technological progress and security in the financial industry. For more insight on finance, insurance, superannuation, and money management, check out the full episode.

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How long is this episode of Financial Services News Wrap?

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When was this Financial Services News Wrap episode published?

This episode was published on October 15, 2024.

What is this episode about?

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses several prominent issues. Western Australian homeowners face a crisis caused by defective Iplex plumbing systems, prompting calls for industry reform to handle...

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