In this episode of the Daily Financial Services News Wrap, we discuss 360 Underwriting Solutions' new product, '360 School Fee Protect,' offering financial protection to independent schools against unpaid fees. We also address Australia's difficult economic climate, detailing the longest per capita recession and revised GDP growth projections. The importance of professional financial advice is highlighted, noting that clients with financial advisers report double the financial satisfaction. The episode concludes with the news of Australian regulators ordering major banks to refund $28 million to nearly two million low-income Australians, emphasizing the need for consumer welfare to be a priority in the banking industry.n

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