Wed, 20th Mar 2024 - Financial Services News Wrap

What this episode covers

In the latest Financial Services News Wrap, APRA Executive Director Sean Carmody calls for greater transparency in the insurance industry to tackle severe weather patterns and bridge protection gaps. Monetary policies are covered with the Reserve Bank of Australia's decision to hold the cash rate steady at 4.35%, indicating potential loosening of monetary policy. AustralianSuper and TAL introduce a lifetime income product for secure retirement funding, reflecting an industry trend. Self-Managed Superannuation Funds (SMSFs) are attracting younger generations, leading to a 14% increase in new accounts according to AUSIEX, highlighting the blend of professional advice and technology for successful fund management.

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Frequently Asked Questions

How long is this episode of Financial Services News Wrap?

This episode is 3 minutes long.

When was this Financial Services News Wrap episode published?

This episode was published on March 19, 2024.

What is this episode about?

In the latest Financial Services News Wrap, APRA Executive Director Sean Carmody calls for greater transparency in the insurance industry to tackle severe weather patterns and bridge protection gaps. Monetary policies are covered with the Reserve...

Can I download this Financial Services News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.