Wed, 29th Jan 2025

On this episode of the Daily Financial Services News Wrap, the Association of Superannuation Funds of Australia (ASFA) proposes the Australian Securities and Investments Commission to oversee scam prevention in the superannuation sector, potentially improving protection measures. In global news, China's tech startup, DeepSeek, introduces an open-source AI model that rivals OpenAI's Chatgpt, triggering reactions in the global markets. Meanwhile, Australia's capital cities experience a shaky housing market, with Sydney and Melbourne seeing a dip in dwelling values, raising concerns for future property values. Additionally, the Australian Capital Territory investigates rising insurance costs against the backdrop of climate change and its impact on workers compensation. This in-depth inquiry could culminate in sweeping changes for ACT's business scene.n