Superannuation News Wrap

This episode of Financial Services Online with Paige Estritori focuses on AustralianSuper's $1.1 billion loss from an investment in private tech firm, Pluralsight. Factors including pandemic repercussions and intense sector competition are discussed in relation to the loss and the subsequent impact on superannuation funds. The show also covers NSW Senator Andrew Bragg's criticism and Australian Pr...

In this week's Superannuation News Wrap, Paige Estritori discusses AustralianSuper's $1.1 billion loss from its investment in Pluralsight, marking a potential risk of investing in private tech companies. Despite the significant loss, AustralianSuper is committed to private equity due to past strong returns. Criticism comes from NSW Senator Andrew Bragg, who challenges the superannuation governance...

In this episode of 'Weekly Superannuation News Wrap', Paige Estritori focuses on APRA's rigorous scrutiny following AustralianSuper's substantial loss from its Pluralsight investment and recalls similar incidents with tech company investments. Paige acknowledges AustralianSuper's historical good performance within the private equity sector. However, multiple currently challenging factors resulted...

This episode of Financial Services Online's Weekly Superannuation News hosted by Paige Estritori, delves into impactful developments in Australia's Superannuation sector. The focus is on AustralianSuper's audacious $1.1 billion loss on Pluralsight, leading to Australian Prudential Regulation Authority (APRA) scrutiny. Despite the setback, AustralianSuper intends to continue with private equity, th...

The podcast by Financial Services Online explores key developments in Australia's superannuation landscape. Recently, the Australian Prudential Regulation Authority (APRA)'s increased scrutiny became necessary due to AustralianSupers $1.1 billion loss from its Pluralsight investment, which reflects ongoing concerns about superannuation funds overinvested in private tech companies. Despite their fi...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses recent developments in Australia's superannuation sector. Topical issues include the scrutiny faced by United Super and BUSS Queensland, both connected to the construction union CFMEU, amid allegations of corrupt practices. APRA, the financial regulator, has demanded expert reviews over governance concerns but faces...

This week's Financial Services Online podcast covered multiple significant events in Australia's superannuation sector. The Australian Prudential Regulation Authority (APRA) faced scrutiny for imposing strict conditions on superannuation funds United Super and the BUSS fund due to corruption allegations. BUSSQ has refuted APRA's authority and cited procedural unfairness, resulting in a legal stand...

This week's Superannuation News Wrap discusses governance issues within Australia's superannuation sector with APRA's scrutiny on United Super and BUSS (Queensland) over alleged corruption and biker gang affiliations. The podcast also addresses AMP Limited's response to superannuation performance tests, raising concerns over their methodology and yielding calls for revised methods. Heightened exam...

In this week's Weekly Superannuation News Wrap, Paige Estritori discusses key topics including governance issues within the superannuation sector and a tightening regulatory landscape. Two major funds, United Super and BUSS Queensland, face scrutiny due to concerns over fund management. Meanwhile, superannuation heavyweight AMP Limited calls for revisions to the methodology of recently imposed per...

On this week's Superannuation News Wrap led by Paige Estritori, key developments in Australia's superannuation sector were discussed. The prominent union-based CFMEU Super Fund faces enhanced scrutiny from the Australian Prudential Regulation Authority (APRA) over allegations of corruption. AMP Limited is contesting the current superannuation performance tests, advocating for methodological revisi...

In this episode of Financial Services Online, host Paige Estritori discusses key issues impacting the Australian superannuation industry. AMP Limited questions the adequacy of performance tests on their financial products, stirring debate about the methodology used. In legislative updates, a draft ruling from the Australian Taxation Office could enforce compulsory super payments for subcontractors...

In this week's Superannuation News Wrap, we discuss AMP Limited's critique of new superannuation performance tests, suggesting refinements to better represent the true landscape of Australias choice platform market. We also cover proposed changes from the Australian Taxation Office that could affect super payments in the entertainment and domestic service sectors, aiming to improve financial secur...

This episode of the Weekly Superannuation News Wrap discusses key changes in Australia's superannuation landscape as of September 2024. The Australian Taxation Office is proposing guidelines to increase financial security for unprotected subcontractors, potentially affecting operational costs for businesses. The Australian Prudential Regulation Authority is intensifying oversight on super fund exp...

In this week's superannuation industry update from Financial Services Online, major changes in Australia's superannuation landscape were discussed. Dominance of the top five superannuation funds has grown to nearly half of total memberships, due to mergers and exits and initiatives by the Australian Prudential Regulation Authority (APRA). APRA is also revamping its vision for financial stability i...

In this episode of the Financial Services Online weekly superannuation news wrap, host Paige Estritori discusses the critical issue of unpaid superannuation in Australia, highlighting the Super Members Council's demand for legislative changes due to a $5.1 billion deficit in 2021-2122 alone. The most impacted are lower-income workers, migrants, women, and those in insecure jobs. Meanwhile, the Com...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses a call to action from the Super Members Council, seeking fundamental changes to Australia's superannuation system. The council is highlighting unpaid super crisis affecting lower-income workers, women, migrants, and the job insecure. They propose aligning super payments with paydays and setting recovery goals. The Co...

This week's podcast discusses latest news around superannuation. Commonwealth Superannuation Corporation (CSC) is focusing on an advisory framework to help public service and defense force members secure favourable retirement. This initiative, supported by data analysis, will offer a blend of human and digital advice. The Australian Prudential Regulation Authority (APRA) has presented a Corporate...

In this episode of Weekly Superannuation News Wrap, we overview significant happenings in the Australian superannuation sector, such as MUFG Retirement Solutions launching a cutting-edge compliance data platform from Nuj. This development enhances regulatory navigation and benefits major funds like AustralianSuper and Aware Super. We discuss the upcoming Paid Parental Leave Amendment Bill, schedul...

In this week's "Weekly Superannuation News Wrap," we discuss MUFG's revolutionary compliance data platform, Nuj, which is changing the way super funds handle compliance. Our government sector update includes the inclusion of superannuation contributions in the Commonwealth Paid Parental Leave scheme beginning July 2025, a reform expected to dramatically reduce gender disparities in superannuation....

This podcast from Financial Services Online, hosted by Paige Estritori, covers the latest news in Australia's superannuation sector. It discusses major upgrades, such as a RegTech integration from MUFG Retirement Solutions, which automates compliance tasks and simplifies complex preparations for APRA's Superannuation Data Transformation program forms. Federal government reforms include superannuat...

In this weekly Superannuation News Wrap, we explore fresh industry developments including MUFG Retirement Solutions' collaboration with Nuj, revolutionizing superannuation compliance management through technology. We discuss the upcoming integration of superannuation contributions into the Commonwealth Paid Parental Leave scheme aimed at boosting retirement security, particularly for women. ASIC's...

In this Weekly Superannuation News Wrap, Paige Estritori discusses major changes in Australia's superannuation sector, including technology upgrades, policy changes, and increased data security measures. MUFG Retirement Solutions and Nuj's partnership introduces a platform that automates compliance, enhancing superannuation practices. The Federal Government's plan to include superannuation contrib...

In the latest edition of Financial Services Online's Weekly Superannuation News Wrap, the Australian Securities and Investments Commission (ASIC) plans to strengthen data security and craft new AI-specific regulations in the financial advice sector. Industry super fund REST has simplified its investment offerings, promoting financial literacy among members. Cybersecurity companies Transmit Securit...

In this week's episode of the Weekly Superannuation News Wrap with Paige Estritori, topics include combating cyber threats, enhancements in retirement funds, and driving essential action for retirement benefits. Transmit Security and Wrkr are teaming up to upgrade security against super fund cyber threats. At the Retirement Conference, concerns and advancement in retirement funds were discussed, w...

On August 21, 2024, host Paige Estritori covered the most important Superannuation news on the Financial Services Online podcast. Major topics included a strategic alliance between Transmit Security and Wrkr aimed at protecting Australia's superannuation funds from cyber threats, following recent breaches. The Retirement Conference in Canberra highlighted the need for funds to align with insurers...