In this week's Superannuation News Wrap, Paige Estritori discusses crucial changes in the industry. The federal government has announced an increase in the Superannuation Guarantee from 9.5% to 12% by July next year - a change that will impact twelve million working Australians and promote secure retirement. Additionally, the Australian Prudential Regulation Authority (APRA) released new guidelines to promote transparency in the superannuation industry for fund robustness and member value. Self-Managed Super Funds (SMSFs) are increasingly popular among younger Australians, indicating a desire for more control over retirement savings. Lastly, the Organisation for Economic Co-operation and Development reported that despite global challenges, Australia maintains one of the world's strongest superannuation systems.n