This week's edition of the Weekly Superannuation News Wrap discusses important updates in the Australian superannuation industry. The Australian Taxation Office warns about the risks of DIY superannuation schemes while the Australian Government aims to increase national savings and job security by reformulating the Superannuation Guarantee due to rising unemployment rates. Advocacy groups are pushing for policy changes to address the gender super gap issue, taking into account interrupted careers commonly experienced by women. A new ruling allows super funds to diversify into international private equity, creating more investment opportunities. Australian Super, the nation's largest super fund, reports significant growth due to a surge in international equities, and the superannuation industry is expected to see a 15% increase in capital investment next year.

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses recent changes in Australia's superannuation industry. Key topics include the recent "Your Future, Your Super" reforms leading to performance tests and greater transparency for funds. The podcast also touches on the planned progression of the superannuation guarantee from 9.5% to 12% by 2025, and the potential impact on retirement savings. Technological developments within super funds, with an emphasis on AI and Machine Learning improving member insights and engagement, are mentioned. Other significant issues addressed include the negative effect of career breaks on women's super balances, and increased scrutiny on how superannuation funds handle climate change risks. Listen in for these insights and more at www.financialservicesonline.com.au.

In this week's episode, Paige Estritori of Financial Services Online presents the Superannuation News Wrap. Highlights include the Australian Prudential Regulation Authority's (APRA) proposed supervisory changes to enhance the superannuation sector's sustainability. The suggested changes spark industry debate due to potential shake-ups in the trustee market. Consumer news is positive, with the industry-wide super fund growth last month up by 1.8%. The government's 'Your Future, Your Super' reforms, which promote lower fees and increased returns for members, have intensified fund market competition. Discussions on gender pay gap issues within superannuation are ongoing as advocates push for change. Digitization is a key trend, with many super funds harnessing technology to engage members, particularly among younger demographics. Tune in next week for more insights.

In this week's edition of the 'Weekly Superannuation News Wrap', Paige Estritori discusses key updates from the Australian financial services industry. The superannuation guarantee rate sees a confirmed rise to 10.5% from July 1, 2026, which is an important shift for employees' and employers' financial plans. Next, amendments to the retirement income covenant aim to shift the focus from solely offering investment products to considering members' retirement outcomes. Attention is also drawn to ASICs new stricter rules for the distribution of complex financial products to consumers, with a focus on protecting them from high-risk investments. The podcast also notes an emerging trend of ESG investing in super funds and the consumer move towards making a positive impact on society. Lastly, a reminder about the importance of reviewing one's 'Insurance in Super'. This major news roundup encapsulates crucial insights for financial planning.n

In this episode, Paige Estritori of Financial Services Online discusses the latest superannuation news in Australia. Regulators propose stricter legislation for self-managed superannuation funds, potentially impacting over two million Australians. The aim is to improve transparency and tighten control on investment strategies to ensure the growth and safety of retirement funds. Also, superannuation investment returns have increased due to a global economic recovery, reminding investors to focus on long-term growth despite potential short-term fluctuations. For self-employed individuals, the government might increase the Superannuation Guarantee, ensuring a secure retirement for all Australians. Lastly, Estritori warns listeners about an increase in superannuation scams and encourages them to visit finanicalservicesonline.com.au for resources on how to stay safe.

On this week's 'Weekly Superannuation News Wrap' by Financial Services Online, host Paige Estritori discusses major trends in Australia's superannuation sector. More Australians are viewing superannuation as a wealth-generation tool, reflecting a mature, informed public and promising sector growth. Recent legislative changes are underway to increase tax deductions for personal super contributions and enhance fund transparency. Meanwhile, the industry incorporates technology for automated and more accessible services, simplifying procedures such as fund transfers and withdrawals. Financial Services Online supports this evolution in the sector and helps clients plan a secure retirement. The podcast encourages listeners to stay informed, optimize their super contributions, and visit their website for more superannuation information.n

In this week's episode of Superannuation News Wrap by Financial Services Online, we discuss the significant growth that super funds experienced last year amidst the pandemic. The positive trend is expected to continue this year, promising a more secure future for Australians. We also address new laws allowing early super fund access for victims of domestic violence, and the increasing uptake of financial advice on superannuation. In response, Financial Services Online launched an online advisor portal. In business news, we cover a major super fund merger and an increasing tendency towards eco-friendly investments among Australian super funds. For more information on superannuation, visit financialservicesonline.com.au.

This week on Financial Services Online's Weekly Superannuation News Wrap, updates included the Australian Securities and Investments Commission confirming a new regulatory regime aimed at improved transparency within super funds. Northern Territory is making efforts to increase superannuation enrolment among Indigenous Australians, to narrow the superannuation gap. The Financial Services Union is pushing changes to the Superannuation Guarantee scheme for better retirement outcomes. Meanwhile, in Victoria, members of a major super fund have launched a class action against it, alleging excessive fees and poor returns. Lastly, some of Australia's largest super funds are concentrating on Environmental, Social, and Governance factors for sustainable investment strategies. For more, visit financialservicesonline.com.au.

This week's edition of the Weekly Superannuation News Wrap delves into the significant provisions in the proposed Superannuation Reform Bill, its impact on self-managed super funds and the industry at large, and the rise in voluntary contributions in Australian super funds. The superannuation guarantee rate set to increase to 12% by 2025 is also discussed, stressing its potential benefit for retirees. As technology continues to evolve, the podcast explores digital transformations within superannuation companies, including mobile applications to simplify fund management. The episode ends on the note of super funds commitment to achieving net-zero emissions by 2050, aligning with Australia's sustainability goals. Stay informed and prepare for a comfortable future with Financial Services Online's Weekly Superannuation News Wrap.

This episode of Financial Services Online's Superannuation News Wrap with Paige Estritori discusses the current issues and trends in the Australian superannuation industry. The key topics include a strong growth in the superannuation sector due to increased contributions and market performance. It also covers the Australian Prudential Regulation Authority's (APRA) regulatory efforts to ensure responsible fund management and consistent returns. Possible changes to the superannuation guarantee, the debate on early access to super funds for house deposits, and gender disparity in balance distribution among leading super funds are also examined. Moreover, the increasing trend towards self-managed super funds is also highlighted. The podcast encourages listeners to stay informed and secure in their financial decisions. Visit financialservicesonline.com.au for more details.n