In this week's Superannuation News Wrap, Paige Estritori from Financial Services Online discusses significant changes shaping Australia's financial landscape. Key topics include Russell Investments' new index revealing a shift in advisors' roles towards behavioural coaching; AustralianSuper CEO Paul Schroder's call for super funds to provide comprehensive guidance to members, with AI playing a greater role in personalized advice; and Schroder's challenges to the pension system addressing inefficiencies. Sequoia advises clients to seek remediation through their super fund's ORFR reserves, potentially setting new precedents. Amid dynamic policy changes, AustralianSuper plans to reach 5 million members by 2035. Stay updated with Financial Services Online for more considerations of the evolving financial landscape.

In this episode of "Weekly Superannuation News Wrap", Paige Estritori discusses the significant shift within the Australian finance sector towards valuing behavioural coaching over investment selection, as revealed by the 2025 Value of an Adviser Index. Firms are encouraged to guide clients through market volatility and consider outsourcing to specialized investment firms. Paige covers AustralianSuper CEO Paul Schroder's focus on promoting both certainty and flexibility within super funds for escalating retirements. Advising clients affected by Shield and First Guardian's investments, Sequoia suggests remediation via superannuation fund's Operational Risk Financial Requirement reserves. Schroder calls for a streamlining of retirement savings management. Lastly, Justine Marquet from Allianz Retire+ proposes to elevate retirement strategy from wealth accumulation to income security, potentially bettering retirement incomes by 10% annually. Listen next week for more finance updates.n

In this week's superannuation news, Sequoia provides support to clients affected by investments in Shield and First Guardian, sparking industry debates on protective reserves' oversight. Meanwhile, ASIC ignites legal proceedings against Equity Trustees Superannuation Limited, alleging due diligence failure surrounding the Shield Master Fund. AustralianSuper CEO Paul Schroder calls for more efficient retirement savings management and balanced reforms to secure Australia's economic future. In a shift from traditional wealth accumulation, Australia emphasizes income security in retirement, with Allianz Retire+'s Justine Marquet highlighting the need for retiree education on converting assets into steady income. Industry developments herald a transformative future for retirement planning in Australia.

In this week's Superannuation News Wrap with Paige Estritori, Paul Schroder, the CEO of AustralianSuper, emphasizes the need to reform Australia's Superannuation system. To streamline and enhance confidence in the system, Schroder suggests solutions such as addressing inequalities and making Australian investments to bolster national growth. Meanwhile, Australia shifts its retirement strategy from focusing on wealth accumulation to income security, as explained by Justine Marquet from Allianz Retire+. The intention is to improve retirees' quality of life through lowering financial advice costs and unveiling innovative income products. Lastly, ASIC launches a landmark case against Equity Trustees Superannuation Limited, possibly setting a precedent for diligent superannuation management. Stay tuned for more updates on superannuation news to secure and improve your financial future.

In this edition of "Weekly Superannuation News Wrap", we discuss key developments in the Australian superannuation sector. A call for urgent reform by Australia's largest Superannuation Fund, AustralianSuper is among the headlines, with CEO Paul Schroder urging policymakers to modernize the current pension system. The retirement advice paradigm is shifting from wealth accumulation to income security, emphasized by Justine Marquet from Allianz Retire+, who highlights the need for more education about asset conversion. In the regulatory space, the Australian Securities and Investments Commission has launched civil proceedings against Equity Trustees Superannuation Limited, stirring a greater push for industry accountability. Lastly, Your Future Your Super initiative is making waves with its performance testing, prompting calls for more tailored benchmarks. These unfolding stories signify reform, paradigm shifts, and enhanced accountability in the superannuation landscape.

In this episode of Weekly Superannuation News Wrap, topics included AustralianSuper CEO Paul Schroder's push for urgent pension system reforms, particularly aimed at reducing inequalities and streamlining accounts management. Schroder emphasizes the importance of domestic investment, caution against overreliance on super funds, and urges a comprehensive overall review of the pension scheme for economic security. Allianz Retire+s Justine Marquet discusses the need for educated transition from assets to stable income for retirees, despite Australia's high-ranking in the Global Pension Index. The Australian Securities and Investments Commission (ASIC) targets Equity Trustees Superannuation Limited in a precedent-setting case focusing on $130 million investor loss through inadequate due diligence. Lastly, Your Future Your Super performance test is criticised for failing seven trustee-directed products, leading to calls for a more reflective industry benchmark.n

In this episode of 'Weekly Superannuation News Wrap', host Paige Estritori discusses AustralianSuper CEO Paul Schroder's call for reforms to improve efficiency and elevate confidence among retirees. Schroder advocates for streamlining pension system processes and addressing unequal benefit distribution. The episode also covers Australia's shift towards improving income security over wealth accumulation, including educating retirees on converting assets to dependable income. The Australian Securities and Investments Commission has launched a case against Equity Trustees Superannuation Limited over due diligence failures. Lastly, the episode highlights issues uncovered by the 'Your Future Your Super Performance Test', sparking a demand for more nuanced market tests. This episode provides important updates on superannuation affairs and financial news.

This podcast by Financial Services Online, hosted by Paige Estritori, discusses key developments in Australia's superannuation industry for the week ending September 4, 2025. Australia is shifting its retirement advice paradigm, focusing on income security rather than wealth accumulation. Allianz Retire+ leads this change, aiming to enlighten retirees on converting assets into consistent income. Meanwhile, a landmark legal case involving the Australian Securities and Investments Commission (ASIC) and Equity Trustees Superannuation Limited potentially sets a precedent in superannuation management, amid negligence allegations affecting significant retirement savings. Also, the 'Your Future Your Super' performance test is under review following criticism of its uniform benchmark. As these developments unfold, they could shape the future of Australia's superannuation industry. Stay tuned for next week's updates.

In this episode of Financial Services Online's weekly superannuation news wrap, Paige Estritori discusses a landmark case launched by ASIC against Equity Trustees Superannuation Limited for alleged negligence and due diligence failures concerning the Shield Master Fund, potentially affecting over 5,800 consumers and causing investor losses of over $130m. This reflects regulators' focus on diligent, transparent superannuation management. The case brings other trustee entities with similar investments under scrutiny. Superannuation reform calls have also intensified following the Your Future Your Super performance test results, which reveal significant discrepancies in trustee-directed products. The fairness of the test's benchmarks is debated amidst concerns regarding misclassification risks, tax implications and the need to adapt to market nuances. The episode concludes that this calls for a revised performance test, with pressure mounting on Treasury to implement this.

In this week's Weekly Superannuation News Wrap, the topics of discussion revolve around Australia's superannuation landscape. Changes in the Your Future Your Super (YFYS) performance test drew attention to the fairness of the benchmarks used, and concerns were raised over the one-size-fits-all approach taken. The Australian Securities and Investments Commission (ASIC) initiated civil penalty actions against Equity Trustees Superannuation Limited for negligence concerning the Shield Master Fund. There is increased demand for transparency and oversight in superannuation investments. Finally, the delay in Australia's Division 296 legislation is testing the patience of the finance and industry sectors, as there are concerns about potential retroactive tax application and the need for wider tax reform.n