Superannuation News Wrap

In this podcast episode, Paige Estritori discusses recent updates in the Australian superannuation sector for Financial Services Online. To start, Fortitude Investment Partners has acquired a majority stake in ASF Audits, Australia's leading independent SMSF audit firm, with a goal to diversify and enhance services, and promote growth through strategic acquisitions. The Australian Securities and I...

In this weekly recap of Australian Superannuation news, Financial Services Online discusses the Australian Securities and Investments Commission (ASIC)'s concern over certain Super Funds deducting insurance premiums and advice fees from deceased members' accounts, leading to calls for improved claims processing. The Association of Superannuation Funds of Australia (ASFA) pledged to enhance claim p...

In this week's Superannuation News Wrap, host Paige Estritori discusses the latest developments in Australia's superannuation industry. Critical issues covered include the Australian Securities and Investments Commission charging AustralianSuper, one of the country's largest superannuation funds, for delays in processing death benefit claims. In other news, AustralianSuper has divested its $580 mi...

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses the minimal impact of genetic testing on superannuation policies, despite rising concern. Key changes and supportive moves proposed in the 2025-26 budget are unpacking for a more equitable superannuation system. Another leading topic is AustralianSuper's 580-million-dollar divestment from Wise...

In this Weekly Superannuation News Wrap, Paige Estritori covers key updates about the Australian Superannuation Industry. Topics range from genetic testing's influence on insurance policies and potential market distortions, to Rest members' strong backing of proposed reforms designed for better retirement outcomes and worker eligibility enhancements. In other news, AustralianSuper divests its $580...

In this episode of the Weekly Superannuation News Wrap, we discuss critical developments in Australia's superannuation industry. We examine the relatively minor impact of genetic testing on superannuation insurance policies, despite growing concern. Next, we cover Rest Super's proposed reforms for the 2025-26 Budget, which have received significant support for their potential to contribute to fair...

In this edition of the Weekly Superannuation News Wrap, Paige Estritori discusses recent reports and reforms shaping Australia's superannuation sector. She discusses a report on the limited impact of genetic testing on insurance policies and talks about proposed legislation banning the adverse use of genetic test results in life insurance. Paige also covers upcoming reforms supported by key player...

This podcast summary discusses the latest on superannuation in Australia, covering topics from genetic testing's impact on insurance policies to the backing of pre-budget superannuation reforms by Rest's members. The potential influence of genetic testing is highlighted, which could potentially affect up to 9 million individuals, despite insurers and associations advocating for a ban on its negati...

This week's Superannuation News Wrap highlights significant fines imposed on Active Super and Mercer Superannuation by the Federal Court for misleading environmental claims, as concerns about 'greenwashing' rise. The Australian Securities and Investments Commission (ASIC) emphasizes the need for truth in green investment actions. Superannuation funds are seeking an extension of the breach reportin...

In this week's Weekly Superannuation News Wrap, Paige Estritori discusses key industry updates. Australia's Active Super was fined $10.5 million for misrepresenting its environmental credentials, marking ASIC's third successful greenwashing case. This highlighted the importance of genuine environmental responsibility for businesses as green investment trends surge. Viridian Advisory's pre-budget s...

In this episode, Paige Estritori discusses the upcoming 2025-26 Federal Budget, highlighting concerns over proposed superannuation changes, particularly additional taxes for balances over $3 million. She also addresses issues related to aged care, housing affordability, and market volatility. The importance of reliable policy movements on child care and Medicare is underscored. In terms of insuran...

This week's Financial Services Online podcast, presented by Paige Estritori, discusses major developments in the Superannuation sector. Key points include unease over anticipated changes to superannuation in the 2025-26 Federal Budget, such as Division 296 updates that may impose higher taxes on balances over three million dollars; a Mercer report highlighting concerns over the affordability and s...

This podcast, presented by Paige Estritori of Financial Services Online, discusses current events in the Australian superannuation industry. The focus is on a report from Mercer warning of potential issues in the insurance sector of superannuation. It highlights the challenges legislation, like the Protecting Your Super and Putting Members Interests First packages, pose for the sector. The report...

This podcast episode from Financial Services Online, hosted by Paige Estritori, delves into crucial developments in Australia's superannuation industry as of March 22, 2025. The episode explores a potential sustainability crisis for the superannuation insurance landscape due to governmental policy changes, regulatory scrutinies, and insurance market concentration, as revealed by a new Mercer study...

In this week's edition of the Superannuation News Wrap, Paige Estritori explores the challenges facing Australia's superannuation and insurance industry, with a focus on the effect of governmental policies and regulatory enforcement. Insights from Mercer indicate uncertainty for insurance measures within Australian super funds due to rising concerns about scale and affordability. The podcast also...

In this week's Superannuation News Wrap, Paige Estritori from Financial Services Online discusses updates on the Australian Securities and Investments Commission (ASIC) and the global retirement savings crisis. ASIC has taken action against non-compliant Self-Managed Superannuation Fund auditors, disqualifying four, and imposing conditions on two while revoking 11 registrations from July to Decemb...

In the latest Superannuation News Wrap, ASIC heightens its scrutiny on self-managed superannuation fund auditors, disqualifying four and revoking 11 registrations due to misconduct. This decisive action serves as a warning for those overseeing substantial assets across numerous funds. Globally, a retirement savings crisis looms, with significant percentages of working-age and senior households at...

In this week's episode of "Weekly Superannuation News Wrap," we address global concerns over retirement savings, citing a study that reveals 39% of working American households may face struggle in maintaining their lifestyle after retirement. In Australia, the ASIC takes serious measures against AustralianSuper for delayed death benefit claims impacting thousands and spurring the reassessment of s...

In this week's Financial Services Online Superannuation News Wrap, Paige Estritori discusses the global retirement savings crisis, citing Amundi Investment Institute's findings that 39% of working-age U.S households and 20% of Europe's seniors could face post-retirement difficulties. She highlights strategies like tax incentives, financial education, employer contributions, and pension simulators...

In this episode, Financial Services Online delves into a significant Australian Securities and Investments Commission lawsuit against AustralianSuper over delays in processing death benefit claims affecting thousands. The podcast also examines the transformation in Australian investment advice due to advances in technology and regulatory reforms, with more tailored and transparent strategies being...

In this episode of the Weekly Superannuation News Wrap, we discuss the Australian Securities and Investments Commission's legal action against AustralianSuper for delay in processing death benefit claims impacting nearly 7,000 claims. The transformation of the Australian investment advice industry through technology and regulation, focusing on client service and tailored strategies, is explored. T...

On this episode of Financial Services Online's Weekly Superannuation News Wrap, we covered a range of topics. We started with ASIC's legal action against AustralianSuper for alleged delays in processing death benefit claims, a move that may catalyze regulatory reforms. We then moved to the changing face of Australian investment advice, highlighting the application of institutional fund principles...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses key happenings in the Australian superannuation landscape. Topics range from ASIC's legal action against AustralianSuper for alleged delays in death benefit claims to transformative trends in Australian investment advice driven by technological and regulatory reforms. Also highlighted is the recommended inclusion of...

On this week's Superannuation News Wrap, we delve into the evolving landscape of Australian investment advice, highlighting the role of tech advancements and regulatory reforms in achieving personalized and transparent strategies. We discuss the Self Managed Super Fund Association's call for financial advisors' access to the Australian Taxation Office portal to improve service and minimize errors....

This episode of the Weekly Superannuation News Wrap by Financial Services Online, presented by Paige Estritori, discusses three main updates on superannuation in Australia. The crisis at Genius Early Learning childcare centre sparks scrutiny as staff walk out over unpaid wages and superannuation, leading to intense investigations, legal actions, and highlighting prevalent financial instability in...