In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key financial concerns in Australia, starting with increasing insurance premiums and their impact on small and medium-sized enterprises (SMEs). Proposed resolutions include abolishing insurance taxes and reviewing SME insurance costs, coupled with the creation of a national support body and revised insurance products. Additionally, an AFCA ruling highlights the necessity for business owners to properly disclose their operation's nature to insurance providers. ASIC aims to address insurance-pricing, claims handling, and complaints processing, increasing regulatory actions like investigations and court filings. Lastly, the episode notes worrying inadequacies in advice for self-managed superannuation funds, calling for expert advice tailored to individual goals. Stay updated with Financial Services Online for more financial advice, insurance, superannuation, and money management needs.

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