Superannuation News Wrap

In this week's Superannuation News Wrap, we discuss key developments in the Australian financial sector. The episode critically examines Cbus, a superannuation fund associated with the CFMEU, highlighting its recent merging with EISS Super and Media Super. Despite facing Senate questions, Cbus maintains active engagement through local CFMEU coordinators. Additionally, Spirit Super's appointment of...

In Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses the latest in Australia's superannuation sector. This includes superannuation fund Cbus's significant growth and recent mergers in spite of intense scrutiny and political pressure. Spirit Super's decision to partner with J.P. Morgan for improved asset management is covered as well. The podcast also highlights...

In this week's episode of Superannuation News Wrap, host Paige Estritori discusses the ongoing growth of the Cbus superannuation fund, despite its association with the CFMEU and recent scrutiny. Key strategic mergers with EISS Super and Media Super, and maintained member communication, have helped stabilize Cbus amidst regulatory investigations. The episode also covers Spirit Supers new strategic...

In this edition of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses two major events in the superannuation world. Firstly, Spirit Super plans to delegate its custodian and fund administration services to J.P. Morgan, following a model set by CareSuper. Following this successful prototype, a significant merger is in the works between Spirit Super and CareSuper,...

This week's Financial Services Online's Superannuation news wrap with Paige Estritori discusses significant happenings in the sector. The Australian Greens are challenging the Australian Prudential Regulation Authority (APRA) on transparency over its investigation into the financial ties between industry superannuation funds and trade unions, echoing previous concerns from NSW Liberal Senator Andr...

In this episode of Weekly Superannuation News Wrap, host Paige Estritori discusses an emerging issue of crime syndicates targeting Australian superannuation funds. On the radar is AUSTRAC's report indicating 10-50% of superannuation fraud crime profits traced back to organized crime. Estritori points out the surprisingly low industry gauging of this criminal threat, despite increasing evidence of...

This episode, brought to you by Financial Services Online, delves into the concerning surge of superannuation fraud in Australia from cyber criminals. It reveals that despite increasing incidents, the threat to the super sector is currently only perceived as low to medium. The episode further discusses the unsuspecting role of professionals, such as lawyers and accountants, who could unintentional...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses grave concerns about organized crime groups targeting super funds, according to a recent AUSTRAC assessment. Efforts are needed to curb this fraud largely associated with cybercrime and compromised personal information. Additionally, the fiscal year 2023-24 has seen a surge in regulatory costs within the financial in...

In this week's "Superannuation News Wrap," Paige Estritori explores superannuation fraud's link to organized crime as highlighted by AUSTRAC, underlining the need for increased vigilance in the sector. She discusses ASIC's recently increased levies and the consequent additional pressure on financial advisors to maintain cybersecurity resilience. The episode also acknowledges the improvements made...

This episode of the Weekly Superannuation News Wrap, hosted by Paige Estritori, explores crucial topics affecting the Australian superannuation sector. The key issues include the rising threat from organized crime networks accused of defrauding superannuation systems via cybercrime, leveraging professional service practitioners and laundering money through self-managed super funds. Furthermore, as...

This episode of the Weekly Superannuation News Wrap discusses AUSTRAC's assessment on criminal threats in superannuation, highlighting the need for vigilant professionals and preventive measures. Moreover, ASIC's increment in levies for financial advisers due to new compliance and regulatory responsibilities is discussed. Positive news includes an improvement in pension and retirement services, le...

In this episode, Paige Estritori from Financial Services Online discusses recent developments in the Australian superannuation industry. We learn about the significant improvements superannuation funds have made in offering suitable retirement services, resulting in increased member satisfaction. Despite this positive change, the industry is grappling with financial abuse, revealed by Super Consum...

In this week's Australian superannuation round up, The Association of Superannization Funds of Australia (ASFA) calls for tax incentives to boost local Build-to-Rent investment and address affordable housing issues. ASFA believes current legislative changes favor foreign investors, compromising Australian funds. Concerning super funds' crisis readiness, APRA encourages diversification of recovery...

In this week's superannuation news, the Association of Superannuation Funds of Australia is urging for tax policy revisions, arguing that current amendments favor foreign investors and leave Australian funds unstable. The Australian Prudential Regulation Authority is increasing demands for super funds' crisis readiness, reflecting the emphasis on improved recovery and stakeholder communication. St...

In this episode, Paige Estritori discusses the latest superannuation news. Highlighted is the performance gap in superannuation funds, with index funds outperforming active funds by significantly large margins, amidst high fees and speculation over asset choices. Developments regarding new levies potentially impacting smaller super funds more than larger ones raise questions about government polic...

This episode of the Weekly Superannuation News Wrap with Paige Estritori addresses key developments in the superannuation sector. Discussion covers the growing performance gap between indexed and actively managed funds, with Stockspot CEO, Chris Brycki, criticizing actively managed funds' high fees and advocating for indexed funds. Additionally, the episode covers the impact of Financial Instituti...

In this episode, host Paige Estritori discusses recent updates on Australia's superannuation sector. A report by Stockspot indicates a significant performance gap between indexed funds and their actively managed counterparts, with the former yielding substantially higher returns. The episode also covers potential threats facing small super funds due to the new Financial Institutions Supervisory Le...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses a newly implemented banking levy that disproportionately affects small superannuation funds, leading to calls for more equitable policies. AustralianSuper's creative response to the housing affordability crisis is also explored, with their innovative Build-to-Rent-to-Own initiative offering potential homeowners...

This episode of Financial Services Online's Weekly Superannuation News Wrap, hosted by Paige Estritori, focuses primarily on issues surrounding small super funds due to new Financial Institutions Supervisory Levies, which increase member fees significantly, undermining government efforts to decrease super fees. It also emphasizes the importance of compliance with minimum pension payment requiremen...

This week on the Superannuation News Wrap, we discuss AustralianSuper's innovative Build-to-Rent-to-Own (BTRTO) housing project, a potential game changer in affordable housing. Launched in Kensington, Melbourne, the project secures rental rates and house purchase prices for five years, aiding transition to homeownership. Also included is financial coaching for improved financial literacy. With an...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses the challenges facing Generation X Australians in their retirement planning, as per a report by Natixis Investment Managers. Key issues include the escalating inflation rate, increasing public debt, and substantial anxiety about potential shortage of retirement funds. Around 31% of surveyed Gen X Aussies express...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses the concern over retirement savings in Australia. Notably, a report from Natixis Investment Managers reveals that many Generation X individuals are uncertain about their retirement funds, with inflation being a significant issue. Additionally, Australians broadly express concerns about running out of retirement...

In this podcast, Financial Services Online discusses the challenges Australians, particularly Generation X, face in regards to retirement savings. A Natixis Investment Managers report shows that due to inflation and debt, many Gen X individuals are uncertain or fearful about their retirement funds, with a significant number worrying about the impact of public debt on their benefits. An increase in...

In this week's episode of Financial Services Online's Superannuation News Wrap, host Paige Estritori discusses prominent issues such as the struggles faced by Generation X in securing retirement savings, the mounting fear of running out of retirement funds among Australians across all ages, also known as 'FORO', and the troubling trend of superannuation cold calls. The latter involves ruthless cal...

This episode of Financial Services Online's Weekly Superannuation News Wrap, hosted by Paige Estritori, explores major financial concerns for Australian consumers. The discussions revolve around the apprehensions of Generation X regarding their retirement funds, inflation, and public debt. It's revealed that a significant number of Gen X individuals feel anxious about retirement, with many unsure...