Superannuation News Wrap

On this week's episode of Financial Services Online's Superannuation News Wrap, we discussed a recent report criticizing the management of death benefit claims by several Australian superannuation trustees. The ASIC's Report 806 points out major issues with delays and poor communication, particularly affecting First Nations communities and vulnerable individuals. We also covered the emerging deman...

In this episode of the Weekly Superannuation News Wrap, we discuss the Australian Superannuation industry's plans led by ASFA, to establish the Payday Super Advisory Council. This initiative aims to regulate payday superannuation and ensure smoother transition in superannuation management. We also touch upon the Australian housing market, specifically the rising prices which threaten to lock futur...

On this week's Financial Services Online podcast, Paige Estritori discussed significant developments in Australia's financial sector. Key topics included calls by leading superannuation groups for a Payday Super Advisory Council, and concerns over the proposed use of superannuation funds by first-time home buyers due to fears of escalating housing prices. The Association of Superannuation Funds of...

In this weekly roundup of superannuation news, Paige Estritori from Financial Services Online discusses major developments in Australia. The Association of Superannuation Funds of Australia (ASFA) recommends a Payday Super Advisory Council to oversee the upcoming Payday Superannuation regime. The proposal to utilize superannuation for housing deposits, amidst rising house prices, has caused wide-r...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses updates from Australia's top superannuation groups and the broader financial landscape. Major topics include the proposed Payday Super Advisory Council intended to replicate the success of the SuperStream initiative, the controversy surrounding first-time home buyers using superannuation funds for property deposits,...

In this episode of the Weekly Superannuation News Wrap with host Paige Estritori, top issues include the proposed Payday Super Advisory Council by the Association of Superannuation Funds of Australia (ASFA) to ensure a smooth rollout of the Payday Super Regime, looming home ownership challenges for young Australians due to escalating property prices, and the need to address the continuing concern...

In this podcast, Paige Estritori discusses the pressing issue of unpaid superannuation in Australia and the role of business insolvency. Despite enhancements in the Payday Superannuation scheme, and the expansion of the Fair Entitlement Guarantee (FEG) regime, recoveries of unpaid dues are slow. The Association of Superannuation Funds of Australia suggests equal treatment for unpaid Superannuation...

In this Financial Services Online weekly wrap for 23rd April 2025, Paige Estritori discusses key topics affecting the Australian superannuation industry. First, the promising Payday Superannuation scheme, which, despite offering enhanced transparency, hasn't sufficiently tackled unpaid super due to business insolvencies. Secondly, high consumer stress linked to inflation and escalating costs, with...

This episode of Financial Services Online podcast, hosted by Paige Estritori on April 22, 2025, discusses current issues in superannuation, retirement, cybersecurity, and business. The episode delves into the ongoing issues with the Payday Superannuation scheme, unpaid superannuation and the need for improvement in recovery programs, and the ASFA's call for fair treatment of unpaid Super Guarantee...

This week's Superannuation News Wrap covers major developments in the Australian finance sector. Starting with escalating cybersecurity threats impacting Australian super funds, including AustralianSuper, MLC Expand, and Hostplus, the discussion reveals these breaches as signs of wider sector failure. There's a growing demand to strengthen online security, a vital step in building trust with clien...

In this week's Financial Services Online podcast, Paige Estritori reports on major cyberattacks on superannuation funds, leading to over half a million dollars in losses and impacting companies like MLC Expand, AustralianSuper, and Hostplus. As upcoming federal elections could influence Australia's financial policies, the industry urges a united focus on policy stability and protections against fr...

In this week's Superannuation News Wrap, Paige Estritori discusses several critical stories around Australian superannuation funds. Highlighted are recent cyberattacks on major super funds stressing the need for better cybersecurity and data protection. Ahead of the federal election, industry groups demand a bipartisan financial policy framework focusing on issues like Compensation Scheme of Last...

On this week's Superannuation News Wrap, Paige Estritori covers recent cyberattacks on major superannuation funds, urging the industry to strengthen cybersecurity measures and improve client communication. In light of the upcoming federal elections, institutions such as the Super Members Council and the ASFA call for bipartisan financial strategies, and suggest payday superannuation and investment...

This podcast episode by Financial Services Online, hosted by Paige Estritori, discusses significant news in the superannuation industry for the week of April 16, 2025. The episode highlights two main issues - discrepancies in pension regulation between the Australian Tax Authority (ATO) and the Australian Prudential Regulation Authority (APRA), and a proposal by the Department of Employment and Wo...

On this week's Superannuation News Wrap, we discuss calls for harmonization between the ATO and APRA on pension regulations, with organizations such as CPA Australia advocating for a unified approach to treating pensions. We also cover the Super Members Council's proposition to include unpaid Superannuation Guarantee contributions in Australias Fair Entitlements Guarantee, potentially protecting u...

In this episode, Paige Estritori from Financial Services Online discusses several key issues affecting Australian superannuation. The Super Members Council proposes expanding the Fair Entitlements Guarantee to include unpaid superannuation contributions, potentially benefitting 2.8 million workers. Meanwhile, market volatility, due to President Trump's new tariffs, leads to significant losses, tri...

On this episode of Financial Services Online's Weekly Superannuation News Wrap, we discuss the Super Members Council's proposal to expand the Fair Entitlements Guarantee scheme by including superannuation dues, aiming to curtail the loss experienced due to overlooked superannuation by insolvent businesses. This move is anticipated to protect workers' rights and address the non-compliance issue. Dr...

This podcast with Paige Estritori from Financial Services Online covers the significant recent superannuation-related events in Australia. The Super Members Council is advocating for the expansion of the Fair Entitlements Guarantee scheme to include unpaid superannuation. The scheme may boost the Fair Entitlements Guarantee Recovery Program and ensure prompt and fair employee compensation. Also di...

In this episode, Paige Estritori discusses the Super Members Council's proposal to expand Australias Fair Entitlements Guarantee scheme to include unpaid superannuation contributions. This is due to 2.8 million Australian workers losing an average of $1,800 per year from unpaid super. The volatile market, triggered by new US tariffs, has affected Australians across industries, suggesting that youn...

This podcast covers pressing issues in superannuation, starting with the rising threat of cyber-attacks on Australian funds, prompting calls for stronger cyber protection measures in the financial sector. It highlights the concerns raised by credential stuffing attacks on major superannuation funds and the critical need for early detection and intelligence sharing. Next, the podcast delves into re...

In this episode of the Weekly Superannuation News Wrap up, Paige Estritori discusses rising concerns over cyber threats to Superannuation funds, particularly following notable attacks on AustralianSuper and Hostplus, urging for stronger cybersecurity measures by the Australian Prudential Regulation Authority (APRA). A look at the international scene reveals the significant economic impact of the U...

In this episode, Paige Estritori covers key developments in superannuation services. The current global trade tensions, triggered by new US tariffs, have caused a notable slip in Australia's ASX 200 and prompted the Reserve Bank to contemplate cutting interest rates. In acquisition news, Fortitude Investment Partners have acquired a majority stake in ASF Audits, marking its entry into the tech-ena...

In this April 7, 2025 episode of the Weekly Superannuation News Wrap with Paige Estritori, listeners learn about significant changes in the superannuation sector. Fortitude Investment Partners acquires a majority stake in ASF Audits, bolstering their position in the tech-enabled financial services sector. The Self Managed Super Funds (SMSF) sector stands to cross the $1 trillion mark in assets. Au...

This week on Paige Estritori's Weekly Superannuation News Wrap, major developments include Fortitude Investment Partners acquiring a majority stake in ASF Audits, propelling themselves into the tech-enabled financial services sector and promising growth for the SMSF sector. In another news, the Australian Securities and Investments Commission (ASIC) has identified unethical practices by superannua...

This week's Superannuation News Wrap, hosted by Paige Estritori, discusses significant news in Australia's superannuation industry. Fortitude Investment Partners acquired a significant stake in ASF Audits, giving it a strong presence in the tech-enabled financial services sector. This partnership hints at growth in an industry projected to surpass a trillion dollars. Meanwhile, the Australian Secu...