Superannuation News Wrap

In this weekly Superannuation News Wrap, Paige Estritori discusses key financial news, including Macquarie Group's decision to compensate $321 million to investors affected by the Shield Master Fund's collapse, marking a pivotal strategy shift. The episode also covers ASIC's lawsuit against rogue adviser Ferras Mehri for misleading investments into the failed fund. As retirement preparedness becom...

This week's episode of the Financial Services Online podcast, hosted by Paige Estritori, discussed key developments in the world of superannuation. For starters, Macquarie Group aims to settle a $321 million pay-out for investors impacted by the Shield Master Funds breakdown. This move is expected to bolster investor trust despite short-term market turbulence. Meanwhile, adviser Ferras Mehri faces...

In this week's podcast, Financial Services Online discusses key financial news in Australia. Topics included Macquarie Group's proposed $321 million settlement to compensate around 3,800 superannuation investors who experienced losses due to the Shield Master Fund collapse; their strategic shift towards the home loan market; and the impact on their stock price. The podcast also highlights a report...

In this podcast, Paige Estritori delivers the latest updates on Australia's superannuation landscape. Macquarie Group announced a $321 million compensation package for investors impacted by the Shield Master Fund collapse, causing their stocks to dip but averting further legal action. Concurrently, they have captured 19% of the home loan market share in a strategic move to rebuild credibility. The...

In this week's Superannuation News Wrap, Paige Estritori discusses key topics such as Macquarie Group compensating investors and concerns around financial security for Australian retirees. Macquarie Group is aiming to rebuild investor trust by paying out a $321 million compensation package to investors affected by the Shield Master Fund failure. The episode also highlights a report by Accurium and...

This week's Superannuation News Wrap, presented by Paige Estritori, covers key highlights in superannuation news, focusing on retirement financial security in Australia. Topics include "Confidence for Life," a report by Accurium and Generation Life, which presents promising strategies such as lifetime income products to enhance retirement confidence for Australians in light of rising living costs...

In this week's episode of Weekly Superannuation News Wrap, Paige Estritori discusses the growing financial insecurity among Australian retirees, driven by rising living costs and a lack of financial literacy. A recent "Retirement Confidence Pulse" report by AMP reveals a stark reality, with over 65s needing more than $75,000 annually to live comfortably. Single mothers and women, in general, are p...

In this week's Superannuation News Wrap, Paige Estritori from Financial Services Online discusses growing worries about retirement security in Australia. Even though Australia ranks seventh in the Global Retirement Index, recent studies show that retirement anxiety is increasing due to inflation, rising living costs, and high-interest rates, with only 50% of Australians feeling confident about the...

In this week's superannuation news wrap, ASIC released guidelines on the use of AI in financial advising, focusing on security, data privacy, and fraud prevention. Changes in superannuation legislation aimed to improve the industry's integrity and sustainability were announced by the federal government. The impact is expected on contribution caps, tax concessions, and fund management. Market analy...

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses key recent developments in the Australian superannuation sector. The Australian Government's announced changes to superannuation regulations, aimed at consumer protection and transparency are discussed. The podcast also covers the High Court's recent ruling involving Peak Super, setting a new...

In this episode of Weekly Superannuation News Wrap, Paige Estritori breaks down the latest industry developments including a potential new superannuation rate affecting thousands. A shift towards 'green investments' among superannuation firms, driven by consumer demand for sustainable investing, appears to be creating a market-wide shift to more responsible measures. Proposed regulatory updates ai...

This episode of 'Weekly Superannuation News Wrap' reports on the Property Investors Council of Australia's concern over unregulated financial advice in the property investment sector. Professionals such as buyers' agents, accountants, and mortgage brokers are allegedly providing unsolicited advice on complex financial structures, potentially contravening the Corporations Act. Ben Kingsley, the Cou...

In this episode of "Weekly Superannuation News Wrap," host Paige Estritori discusses a warning from the Property Investors Council of Australia (PICA) about a rise in unlicensed financial advice in the property investment industry. This includes areas like trusts and self-managed super funds and has been largely spread through social media. PICA Chair Ben Kingsley criticizes these illicit actions...

This episode of the Weekly Superannuation News Wrap discloses concerns over unlicensed financial advice within Australia's property sector, particularly from buyers agents, accountants, and mortgage brokers advising on trusts and self-managed super funds. This unethical practice not only misleads investors but possibly breaches the Corporations Act. The episode also introduces new digital initiati...

In this week's Superannuation News Wrap, PICA warns against a surge in unlicensed financial advice within the real estate sector. Professional industry members are offering potentially dishonest advice on matters regarding trusts and self-managed super funds which is considered not just unethical but also against the Corporations Act. However, positive industry advancements such as strategic partn...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses alarming trends of unlicensed financial advice in property investment, increased support for financial advisors in Australian superannuation funds, the evolving role of financial advisors, and calls for comprehensive advice within the system by AustralianSuper CEO Paul Schroder. She highlights the increased emphasis...

The latest Weekly Superannuation News Wrap discusses concerns around unlicensed financial advice in the property investment sector, with Professional Investor's Council of Australia and Financial Advice Association highlighting its potential illegality and misinformation risks. Australian superannuation funds are bolstering support for financial advisors through strategic partnerships and digital...

In this week's Financial Services Online podcast, host Paige Estritori discusses significant trends and developments in the superannuation and financial advisory sectors. Topics discussed include the rise of unlicensed financial advice in the property investment sector and subsequent scrutiny from ASIC, Australian super funds' commitment to technology-enhanced support for financial advisors, and c...

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses major changes in the Australian superannuation sector. Australian Retirement Trust (ART) makes progressive strides in partnership with State Street Investment Management to enrich financial advisors with global investment insights. In synchrony, Aware Super goes digital to facilitate and simpl...

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 gre...

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 AustralianS...

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 efficie...

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...

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 securi...

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 eco...