In this episode of Financial Services Online, we discuss the Australian government combating climate change by unveiling the first National Climate Risk Assessment and National Adaptation Plan, highlighting the climates growing impact on insurance and public health. The government aims for a net-zero status by 2050, offering support through the cyclone reinsurance pool and the Disaster Ready Fund. We also cover a report from Russel Investments about enhancing financial advisers' understanding of clients' emotional needs. Next, we touch on regulatory changes by the Australian Securities and Investments Commission on financial advice legislation, fostering a balance between general and personal advice. Lastly, we delve into economic conditions, such as the rise in the cost of living and potential wage growth, and the possible interest rate cut by the Reserve Bank. Stay updated on finance, insurance, and money management at financialservicesonline.com.au.n

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