Superannuation News Wrap

This podcast, the Weekly Superannuation News Wrap presented by Paige Estritori, focuses on recent developments in superannuation. Highlights include a landmark class-action settlement involving OnePath Custodians, ANZ and Zurich Australia over a fees-for-no-service scandal. Despite the $50 million settlement agreement, none of the companies admit any liability. AustralianSuper data indicates that...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori addresses key developments in the Australian financial sector. Major firms OnePath Custodians, ANZ, and Zurich Australia have agreed to a $50 million settlement over the fees-for-no-service scandal, pending court approval. Despite no party taking the responsibility, the "get your super back" campaign led by Slater and Gordon h...

This week in the Financial Services Online Weekly Superannuation News Wrap, we cover the recent $50 million settlement involving OnePath Custodians, ANZ, and Zurich Australia over a financial scandal, marking a significant development in financial accountability. The settlement arises from allegations of misdirecting investments into under-performing options. We also discuss Australia's robust sup...

In this episode of Financial Services Online's Weekly Superannuation News Wrap with Paige Estritori, we cover rising superannuation guarantees in Australia that are set to increase from 10% to 12%, promising a secure retirement for Millennials and Generation Z despite current financial strains. The importance of these increments is highlighted, given one-third of Millennials admit they'd end up wi...

This episode of 'Financial Services Online's Weekly Superannuation News Wrap' explores retirement prospects for young Australians and potential UK adoption of the Aussie superannuation model. The podcast focuses on the Australian superannuation system as a potential solution for Millennials and Generation Z, facing rising living costs and housing difficulties. Contributions are set to rise from 10...

This episode of the Weekly Superannuation News Wrap with Paige Estritori presented by Financial Services Online explores Australian and international perspectives on superannuation. The episode highlights the strength of the Australian superannuation system, expected to increase guarantees from 10% to 12%, potentially leading to a prosperous retirement for Millennials and Generation Z despite curr...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses significant changes to financial advice fees and concerns regarding retirement calculators. The Australian Taxation Office has made financial advice more accessible by expanding tax-deductible fees due to efforts by the Financial Planning Association and Association of Financial Advisers. However, initial advice fees...

In this episode of the "Weekly Superannuation News Wrap", we discuss the Australian Taxation Office's move to expand tax-deductible financial advice fees, marking a notable development in the financial advice sector. However, initial fees are not deductible, a change advocated for by the Financial Planning Association and the Association of Financial Advisers. Additionally, concerns raised by Supe...

In this week's episode of Financial Services Online, Paige Estritori discusses two significant updates in the Australian financial industry. She highlights the Australian Taxation Office's latest decision to recognize fees for financial advice as tax-deductible, underscoring the growing significance of professional guidance in financial matters. This move, however, does not include initial advice...

On this week's "Superannuation News Wrap", Paige Estritori covers noteworthy changes by the Australian Taxation Office, granting tax-deductible status to ongoing advice fees, thus recognising financial advice as a vital service and making it more affordable. Initial consultation fees, however, remain non-tax-deductible. Also highlighted is the inaccurate nature of retirement calculators provided b...

This episode of the Weekly Superannuation News Wrap covers essential updates impacting financial planning. The Australian Taxation Office has recognized the provision of financial advice as a key service, leading to a wider range of tax-deductible benefits, an exciting development for financial advisers and consumers. The podcast also touches on Super Consumers Australias concerns with retirement...

This episode of the Weekly Superannuation News Wrap, hosted by Paige Estritori, covers major updates relevant to Australian financial advisors and clients. The Australian Taxation Office now broadens tax-deductibility for financial advice, promoting wider patronage. However, the campaign for full deductibility of all advice fees continues. Super Consumers Australia identifies inaccuracies in super...

In this episode of 'Financial Services Online,' Paige Estritori discusses the latest superannuation news. It covers the Australian Tax Office's recent expansion of tax-deductible financial advice fees, potentially making advice more accessible. Challenges with misleading retirement calculators are highlighted, with Super Consumers Australia advocating for government-led reforms for more accurate a...

This Financial Services Online podcast by Paige Estritori covers an extensive range of topics regarding Australia's superannuation landscape. Highlighted issues include a study revealing Australians' lack of knowledge regarding their superannuation fund performances, amplification of gender disparities in retirement saving management, and approximately $18 billion in lost or unclaimed superannuati...

On this episode of Financial Services Online news, host Paige Estritori covers important issues concerning Australia's superannuation industry. A Finder survey uncovers shocking apathy, with just 10% Australians actively tracking their super fund performance, spotlighting a need for more awareness and proactive management of retirement funds. The episode discusses recent government reforms aimed a...

In this podcast, Paige Estritori discusses Australians' lack of engagement with their superannuation. A Finder survey reveals a troubling apathy, with men reportedly more engaged than women. Lost and unclaimed super accounts amount to a massive $17.8 billion across 7.1 million accounts, emphasizing the need for better fund management. Addressing this issue, the federal government has launched refo...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses major developments in Australia's superannuation sector. Notably, a fraud case resulted in a woman being sentenced for falsely claiming financial distress and exploiting system loopholes to secure over $200,000. In merger news, TelstraSuper and Equip Super plan a strategic consolidation to create efficiencies and fos...

In this episode of Weekly Superannuation News Wrap, key highlights include the potential merger of TelstraSuper and Equip Super aiming to enhance member value and meet rising market demands. The podcast also highlights the growing trend of millennials setting up Self-Managed Super Funds and super withdrawals to invest in property. An expected change in the superannuation contribution schedule will...

This episode of the Weekly Superannuation News Wrap explores major developments in Australia's superannuation sector. TelstraSuper and Equip Super are potentially merging, a move that could reshape the industry by integrating $60 billion in assets and over 225,000 members. Millennials are increasingly attracted to self-managed super funds (SMSFs) for property investment, driven by supporting polic...

This episode of the Weekly Superannuation News Wrap delves into developments in Australia's superannuation sector. Trends among millennials setting up self-managed super funds for property investment are explored, alongside legislative challenges arising from such strategies. The show also addresses the new alignment of superannuation contributions with employees' paydays starting July 2026, a mov...

In this week's superannuation news wrap, Financial Services Online's Paige Estritori discusses a new initiative by the Australian Financial Complaints Authority (AFCA). AFCA is seeking public feedback on its superannuation insurance dispute resolution methods to improve transparency and consistency. Two key documents have been introduced to delineate the complaint handling procedures and to ensure...

In this episode of the Weekly Superannuation News Wrap, we discuss the Australian Financial Complaints Authority's (AFCA) efforts to improve its superannuation insurance dispute resolution process. AFCA has introduced two critical documents to clarify the complaints procedure, focusing on transparency and consistent decision-making. These documents distill expert advice for managing life insurance...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses recent developments in the superannuation industry. Major topics include the Senate-approved 'Your Future, Your Super' reforms designed to eliminate high super fees and prevent duplicate accounts. AustralianSuper's vow to reach net-zero carbon emissions by 2050 offers an opportunity for investors seeking both financi...

In this episode of 'Weekly Superannuation News Wrap', Paige Estritori explores AustralianSuper's $1.1 billion setback due to its Pluralsight investment. The loss highlights potential risks with substantial investments in private tech companies, drawing comparisons to similar issues with superannuation funds invested in startup, Canva. External factors such as the global pandemic and market competi...

In this episode of "Weekly Superannuation News Wrap", host Paige Estritori discusses a significant event concerning AustralianSuper and the Australian Prudential Regulation Authority (APRA). AustralianSuper recently faced criticism for a 1.1-billion-dollar loss after an investment in Pluralsight, an American online education company, igniting discussions about investment governance. This comes aft...