Superannuation News Wrap

In the May 25, 2025 episode of Financial Services Online's Weekly Superannuation News Wrap, host Paige Estritori reports on key movements in Australia's superannuation sector. Michael Clancy will soon take over as Chief Investment Officer at prominent super fund Rest, bringing his experience from Qantas Super and CFA Society Australia. Arnie Selvarajah of the Bell Financial Group discusses the cha...

In this week's episode of "Weekly Superannuation News Wrap", the host, Paige Estritori, discusses key updates from the Australian superannuation sector. She reviews leadership changes at Rest, with Michael Clancy replacing Andrew Lill as the new Chief Investment Officer. The episode also covers concerns on the strain on the Australian wealth management sector due to an increasing dependency on pen...

In this week's Superannuation News Wrap, Paige Estritori discusses key developments impacting Australian superannuation. The first is the Australian Government's cap on superannuation tax concessions, set at three million dollars. This, in conjunction with a new tax on unrealised capital gains, is shifting investor behaviour towards Exchange Traded Funds (ETFs). However, it could potentially have...

In this week's podcast, we discuss the significant shift in Australia's superannuation investment strategies due to the government's $3 million cap on superannuation tax concessions, leading investors towards Exchange Traded Funds (ETFs). While some have expressed concerns about potential adverse effects on smaller and larger investors, many trustees of Self-Managed Superannuation Funds prefer ETF...

This week's Superannuation News Wrap centers on the Australian Labor Party's superannuation law targeting unrealized gains over three million dollars, advanced by Treasurer Jim Chalmers. There's a focus on refining its details, but some resistance remains, primarily from the SMSF Association. Discussions with Senate crossbenchers and Greens aim to make diligent amendments instead of rejecting the...

In this week's episode of Superannuation News Wrap, Paige Estritori discusses key Australian superannuation events. This includes the aftermath of the recent elections and the proposed ALP superannuation law, aiming at unrealised gains over 3 million dollars, which is sparking much debate within the industry. Industry participants are expressing concern, with 70 submissions to the government to da...

In this episode, Paige Estritori discusses the performance of Australian superannuation funds, portraying their resilience amidst US tariff uncertainties, as they produced a 0.6% growth in the median balanced option in April. She highlights the importance of long-term investment strategies for weathering market volatility. Moreover, the increasing returns of growth and capital stable options, and...

This week's episode of the Weekly Superannuation News Wrap, hosted by Paige Estritori for Financial Services Online, discusses April's strong performance from the superannuation sector despite the turbulent backdrop of US tariffs. Australian superannuation funds registered a 0.6% increase in the median balanced option, demonstrating resilience in volatile times. Executive Director of SuperRatings,...

In this podcast, Paige Estritori from Financial Services Online discusses Australia's superannuation industry. Despite global economic uncertainties, Australian super funds performed strongly with a 0.6% increase in the median balanced option and growth in capital stable options. Kirby Rappell of SuperRatings underscored the benefits of long-term investment strategies amidst market fluctuations. C...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses recent developments in the Australian superannuation industry. Despite US tariff challenges, Australian superannuation funds have continued to show steady gains, with median balanced option increasing 0.6% last month, thanks to strong investment strategies. Meanwhile, industry and financial associations are advo...

In this Weekly Superannuation News Wrap, Paige Estritori discusses the resilience of the Australian superannuation funds despite US tariff challenges. In April, despite looming uncertainties, there was 0.6% increase in the median balanced option, indicating the impact of long term investment strategies. This trend was also reflected in pension returns. The episode also discusses concerns regarding...

In this episode of 'Weekly Superannuation News Wrap,' Paige Estritori discusses the call from financial and industry associations across Australia seeking a 12 to 24-month delay for the implementation of the new payday super regime. The request stems from concerns about readiness for the new rules requiring real-time superannuation guarantee contributions. Esteemed organizations like Financial Adv...

This episode of the Weekly Superannuation News Wrap examines the rising costs of the Australian Prudential Regulation Authority's (APRA) levy on superannuation funds, which have risen a significant 147% over the past decade. The Association of Superannuation Funds of Australia calls for more transparency from regulators on fund allocation, while warning about the potential consequences for market...

In the latest episode of Financial Services Online's 'Weekly Superannuation News Wrap', Paige Estritori discusses the impact of the Australian Prudential Regulation Authority (APRA) on superannuation funds and a significant rise in the APRA levy. This surge has led to increased member administration fees and a predicted cost of six dollars per account for MySuper members in fiscal 2025-26. The bur...

This week's Superannuation News Wrap, presented by Paige Estritori for Financial Services Online, highlights the rising costs of the APRA levy impacting Australia's Superannuation Funds. The levy has increased by 147% over the last decade according to the Association of Superannuation Funds of Australia (ASFA) causing potential additional fees for MySuper members. This substantial increase has pro...

In this week's Superannuation News Wrap, we discuss alarming reports on the increase in Australian Prudential Regulation Authority (APRA) levies on superannuation funds. In the last decade, these costs have risen by 147%, causing concern over future market competition and warning against overreliance on these levies. The current structure seems to unfairly benefit larger super funds, prompting cal...

In this episode, Paige Estritori discusses the recent increase in APRA levies on superannuation funds, raising concerns about stifled competition and hindered innovation. The Association of Superannuation Funds of Australia reports a significant 147% increase over the past ten years, impacting smaller funds disproportionately. The Australian super fund, Aware Super, starts an international hunt fo...

In this episode of Financial Services Online's Superannuation News Wrap, Paige Estritori discusses the APRA levy's 147% surge over the past decade, revealing its increasing burden on smaller superannuation funds while larger funds get cost reductions. The Association of Superannuation Funds of Australia and accounting bodies call for more transparency and a fairer levy structure to sustain market...

In this week's Superannuation News Wrap hosted by Paige Estritori of Financial Services Online, topics include an alarming rise in APRA levy charges on superannuation funds, impacting members' administration fees and potentially stifling market growth. The episode highlights an ongoing call for a fairer levy structure due to the substantial difference in costs absorbed by smaller and larger funds....

This week on Superannuation News Wrap, we discuss the challenges smaller funds are facing due to proposed changes to the Financial Institutions Levies by APRA. We also report on Aware Super's search for a new Chief Investment Officer after current CIO, Damian Graham, announced his end-of-year departure to lead the firm's London office. Our spotlight is also on the legal sector, highlighting an $11...

On this Weekly Superannuation News Wrap, the latest industry updates include Damian Graham stepping down as Aware Super's Chief Investment Officer and an international hunt for his successor is underway. An $11 million penalty has hit DOD Bookkeeping over breach of remuneration regulations, emphasizing the importance of adhering to client best interests. Leigh Gavin assumes the reins as the new CI...

In this podcast, Paige Estritori discusses important happenings in the superannuation sector in Australia. Key points include the Federal Court's penalty of $11 million on DOD Bookkeeping for breach of conficted remuneration regulations, ASIC's renewed focus on regulatory standards for Self Managed Super Funds, and the appointment of Leigh Gavin as new Chief Investment Officer for Cbus. Debates ov...

On this week's Weekly Superannuation News Wrap, the Federal Court fines DOD Bookkeeping (formerly Equiti Financial Services) $11M for breaching remuneration rules, strengthening ASIC's resolve for increased transparency in the financial sector. In personnel changes, Leigh Gavin replaces Brett Chatfield as the new CIO of Cbus, aiming to manage 50% of all investments in-house within three years. Not...

In the Weekly Superannuation News Wrap, Paige Estritori discusses key Australian financial updates. Chief highlights include Leigh Gavin stepping in as Chief Investment Officer of Cbus as it aims to self-manage half of its investments within three years. Additionally, a controversy has arisen over a proposed tax on unrealised capital gains of superannuation balances exceeding $3 million, with crit...

This summary covers the Weekly Superannuation News Wrap hosted by Paige Estritori. Highlighted are opposing views on a proposed tax on superannuation balances over $3 million that could bring in additional revenue but also discourage investments and impact Australia's economy. The ASFA hints at supporting this measure for increased equity. A report by the Australian Securities and Investments Comm...