Superannuation News Wrap

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 accumul...

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. M...

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...

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 actio...

This episode of the Superannuation News Wrap focuses on the latest events in Australia's financial and superannuation sectors. Discussion centers on the Your Future Your Super performance test, which has been under scrutiny due to failures in diverse investment products and concerns about potential misclassification and tax implications on divestment. Additionally, the Australian Securities and In...

In this week's Superannuation News Wrap, several key topics are discussed. First, is the commencement of civil penalty proceedings by ASIC against Equity Trustees Superannuation Limited, alleging negligence and endangering $160 million in superannuation affecting over 5,800 investors - marking the beginning of broader investigations into super funds. Delays in the introduction of the Division 296...

In this week's Superannuation News Wrap, we discuss the Australian Securities and Investments Commission's (ASIC) lawsuit against Equity Trustees Superannuation Limited for failing in its duty to consumers, risking approximately $160 million in retirement savings due to inadequate due diligence. The ongoing delay in implementing Division 296 legislation also sparks industry frustration over potent...

This podcast recap presents the top events in Australia's superannuation industry. ASIC has taken legal action against Equity Trustees Superannuation Limited over alleged negligence, potentially affecting over 5,800 consumers and $160 million of retirement savings. Other platforms like Macquarie Investment Management are also under scrutiny. Legislative delays concerning Division 296 tax legislati...

This week in the 'Weekly Superannuation News Wrap' we delve into significant updates in the Australian super industry. Firstly, the persistent delays in Australia's Division 296 legislation stir agitation within finance and superannuation sectors, inciting calls for broader tax reform. Furthermore, potential adjustments to the superannuation performance test, originally designed to declutter under...

This episode of Financial Services Online's Weekly Superannuation News Wrap with Paige Estritori covers the delay of the Division 296 legislation and concerns over its potential implications, voiced by the finance and superannuation sectors. It also discusses the Australian Government's hints towards changes in the Superannuation Performance Test, aiming for less regulatory restraint and flexible...

This edition of the Weekly Superannuation News Wrap discusses potential government changes to the superannuation performance test due to industry concerns over homogenous investment portfolios. It also explores the issues of default Super fees, with many Australians paying higher fees in MySuper options. Treasurer Jim Chalmers is considering adjustments to superannuation tax breaks to combat inter...

In this episode of the Weekly Superannuation News Wrap, several pertinent topics surrounding superannuation are discussed. The show begins with the revelation that 60% of Australian fund members pay higher fees unknowingly due to their enrollment in default MySuper options. Robert Rich, a financial advisor, highlights the alarming fee discrepancies and encourages members to seek lower-fee options...

This episode of the Weekly Superannuation News Wrap discusses key changes in the Australian superannuation landscape. It tackles proposed tax reforms by Treasurer Jim Chalmers focusing on superannuation tax breaks for the wealthy, aiming to address systemic issues and establish a fairer, sustainable tax scheme. The Treasury's new best practice principles for retirement income solutions are also ex...

In this week's Superannuation News Wrap, Treasurer Jim Chalmers' comments on potential tax reforms impinge on Australia's wealthiest retirees, suggesting reduced superannuation tax breaks. The Treasury introduces best practice principles for retirement income solutions, aiming to empower fund trustees and boost retirees' financial well-being. Technology advancements see AMP partnering with the Uni...

This episode of the Weekly Superannuation News Wrap discusses several key developments in Australian finance. Treasurer Jim Chalmers is considering superannuation tax break reductions for wealthier individuals to fund tax cuts for working Australians, a reform aimed at intergenerational equity. In other news, the Treasury put forward new best practice principles for retirement income solutions, en...

In this episode of Financial Services Online, Paige Estritori covers major developments in the Australian superannuation industry. Top stories include AMP's new AI partnership with the University of New South Wales to boost Australians' financial confidence. The controversial Division 296, a proposed superannuation tax, potentially impacting half a million Australians is discussed. Additionally, a...

In this episode of the Weekly Superannuation News Wrap, we dive into the progressing Super Tax legislation, Division 296, which could impose an additional 15% tax on superannuation balances over $3 million, affecting up to 500,000 Australians. Entrepreneur Ashli Templer's unique strategy to address gender superannuation imbalance heads to the discussion table, shedding light on the need for financ...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses intriguing Australian superannuation stories. Topics include Ashli Templer, an entrepreneur, who challenges traditional family roles and gender pension gap by contributing to her husband's retirement fund; a report from Colonial First State highlighting the wealth expectation gap in Australia; and AMP's partnership w...

In this week's episode of the Weekly Superannuation News Wrap, we discuss the industry's current hot topics. We cover entrepreneur Ashli Templer's unconventional approach to managing superannuation for her stay-at-home husband, aiming to address the gender gap in super savings. Then, we delve into generational wealth disparity, addressing young Australians' inheritance expectations contrasted with...

In this episode of Financial Services Online's Weekly Superannuation News Wrap, AMP's partnership with fintech firm Citro reveals a cashback reward system aiming to bolster superannuation savings for younger Australians. Concurrently, the Australian federal government is focusing on upgrades to the superannuation sector, backed by the Financial Services Council CEO's advocacy for individual-based...

In the latest Weekly Superannuation News Wrap, Financial Services Online discusses AMP's innovative cashback rewards program and partnership with fintech Citro, which aims to boost superannuation savings and financial literacy. Also highlighted are the government's superannuation reforms addressing Australia's aging population and the need for larger savings and improved services. The Financial Se...

In this week's Superannuation News Wrap, hosted by Financial Services Online, we delve into key developments inside Australia's superannuation industry. The federal government is exhibiting progressive superannuation reforms with intended enhanced retirement income solutions and a robust reporting framework. Australia's superannuation system-holding $4.1T in assets-is driving national productivity...

In this episode of the Weekly Superannuation News Wrap, discussions surround the impact of superannuation on Australia's national productivity. The Association of Super Funds of Australia shares a report detailing how the system contributes to GDP and employee earnings. These contributions expected to grow with more focus on investments in technology and infrastructure sectors. HESTA, an Australia...

On the Weekly Superannuation News Wrap, Paige Estritori analyses key issues in Australia's financial sector. Discussion highlights include an overlooked growth market of individuals with assets between $300,000 to $500,000, which large financial institutions and super funds are best positioned to service. However, regulatory measures are needed to facilitate this, despite delays in government refo...

In this week's Superannuation News Wrap, the Financial Advice Association of Australia (FAAA) has announced a significant expansion of their specialisations program to include new areas such as estate planning and retirement. Further, the Australian Treasury has released a consultation paper urging better engagement with members in advised financial relationships. Assistant Treasurer Daniel Mulino...