Superannuation News Wrap

In this episode of the Weekly Superannuation News Wrap, Paige Estritori addresses the worrying financial issues of Australians facing retirement. According to a Vanguard Australia study, many Australians fear outliving their retirement savings, and nearly a third foresee ongoing mortgage payments into retirement. These concerns highlight the importance of solid retirement plans and financial strat...

This episode of the Weekly Superannuation News Wrap hosted by Paige Estritori covers growing worries among Australians about their financial future. With 4 out of 5 Australians fearing they will outlive their retirement savings, increased life costs, and uncertainty around retirement planning are significant concerns for an alarming 96% of respondents. The importance of effective planning for a se...

In this week's edition of Weekly Superannuation News Wrap, Paige Estritori from Financial Services Online discusses two significant issues affecting Australians. First, a report from Vanguard Australia reveals that four in five Australians are worried about outliving their retirement savings, a concern known as FORO. This stress is further compounded as many expect to carry personal debt into reti...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori warns of a growing trend exploiting Australian superannuation holders. Tactics include high-pressure cold calls urging individuals, particularly those between 25 and 50 years old with significant super balances, to switch to high fee, poor performance funds. These unethical tactics, using personal data frequently obtained...

In this episode of the Weekly Superannuation News Wrap, we discuss alarming developments in superannuation cold calling and the critical gender divide in retirement savings in Australia. Highlighting recent concerns by the Australian Competition and Consumer Commission and the Super Members Council, we discuss how aggressive cold-callers deceive individuals into switching their superannuation to u...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses the ongoing gender disparity in Australian superannuation savings. Despite national strides towards equality, women's retirement savings dramatically lag behind men's, a situation which also affects government policies and budgeting. The Australia Institute reports that the tax concession system benefits the wea...

In this episode of Financial Services Online's Superannuation News Wrap, host Paige Estritori discusses the gender divide in retirement savings in Australia as highlighted in a report by the Australia Institute. Estritori emphasizes on the disparities revealed in the superannuation and tax concession systems which immensely favour men and the wealthy demographic. She underscores the alarming fact...

This episode of the Weekly Superannuation News Wrap discusses the consistent gender divide in retirement savings in Australia. A recent report from the Australia Institute reveals that Australian men aged between 60 and 64 have median super balances 23.4% higher than women in the same age range. This disparity is largely due to Australia's tax concession system, which currently favours the wealthy...

In this edition of Weekly Superannuation News Wrap, host Paige Estritori discusses unfavourable developments in the Australian superannuation landscape, including the persistent gender gap in retirement savings and upcoming changes in the financial advice sector. The podcast highlights how the current tax concession system favours the affluent and contributes to a loss in revenue. The conversation...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori discusses the continued major gender disparity in Australia's retirement savings, with women trailing significantly behind men. Tax concessions favouring the wealthy are blamed, resulting in estimated lost revenue of around $54.56 billion this fiscal year. Only a tiny fraction of workers with super funds over $1 million a...

In this week's Superannuation News Wrap, Paige Estritori discusses recent developments in Australia's financial services sector. The Australian Financial Complaints Authority (AFCA) plans to discontinue Dixon Advisory's membership, which has stirred debate about future compensation claims handling. SMSF Association CEO, Peter Burgess, and Financial Advice Association CEO, Sarah Abood, are urging g...

In this week's Superannuation News Wrap, Paige Estritori discussed recent developments in the financial advice sector. The Australian Financial Complaints Authority plans to conclude Dixon Advisory's membership by June next year, causing concern within the industry. Substantial unpaid Dixon claims led the CEO of the SMSF Association, Peter Burgess, to call for government intervention, arguing that...

This week on Financial Services Online, we discuss significant shifts in Australia's financial advice sector. The Australian Financial Complaints Authority's decision to terminate Dixon Advisory's membership raises concerns regarding the handling of unpaid Dixon claims. Both the SMSF Association CEO, Peter Burgess, and the Financial Advice Association CEO, Sarah Abood, urge the government to take...

This week on the Financial Services Online Weekly Superannuation News Wrap, a surge in transfers from industry super funds to self-managed superannuation funds (SMSFs) was noted by WealthData. This trend followed retail funds reflecting similar returns to those of industry funds. Nevertheless, industry super funds maintain a 34.9% market share while SMSFs and retail funds hold a 25% and 20.3% shar...

In this week's edition of the Weekly Superannuation News Wrap, Paige Estritori discusses recent trends in the Australia's superannuation sector. Key highlights include a rise in transfers from industry superannuation funds to self-managed super funds (SMSFs) with outflows doubling since the start of 2022, thanks to improving performance of retail funds. Despite the shift, industry funds still domi...

This podcast from Financial Services Online offers an in-depth overview of the current superannuation trends impacting Australia. Key shifts include an unprecedented migration from industry funds to self-managed super funds (SMSFs), with outflows from industry funds having doubled since early 2022. In terms of market share, industry funds hold 34.9%, SMSFs have risen to 25%, with retail super fund...

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses major changes in the Australian superannuation landscape. Key trends include a shift of Australians moving their super from industry funds to self-managed super funds (SMSFs), with outflows more than doubling since 2022, according to WealthData's research. Retail fund performances are improving, and despite some loss...

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses the increasing trend in Australia of people transferring from industry superannuation funds to self-managed super funds (SMSFs). This shift has led to a doubling in outflows from industry funds since early 2022, driven in part by larger losses experienced by industry funds. Analysis shows a su...

In this episode of Weekly Superannuation News Wrap, Paige Estritori discusses recent shifts in the Australian superannuation landscape. The key development is an increasing move from industry superannuation funds to self-managed super funds (SMSFs), with outflows doubling since the start of 2022. Meanwhile, retail funds' performance is improving, almost matching that of industry funds. Despite the...

In this week's Financial Services Online podcast, Paige Estritori discusses recent developments in Australian superannuation. Initiating with the unexpected rise in Australian shares due to an increase in superannuation contributions, it set a positive trend in the local economy. The government is considering raising the caps for concessional contributions, potentially offering more flexibility to...

This week's episode discusses major shake-ups in the Australian superannuation landscape. The government's newly announced reforms aim to increase fairness and transparency, potentially saving millions of Australians from unnecessary fees within their super funds. Industry Super Fund reports suggest that integrating ESG factors into investment decisions increases returns, highlighting a new direct...

This week's episode of Financial Services Online's Weekly Superannuation News covers intense debate sweeping Australia's financial sector over the $3 million superannuation tax cap policy. The discussion centres around indexation, with financial advocates pushing for significant amendments to this controversial bill. The Greens Party is calling for more assertive reforms—particularly targeting Sel...

In this episode of the Weekly Superannuation News Wrap, host Paige Estritori offers an in-depth view of the ongoing superannuation controversy in Australia revolving around the three million dollar tax cap policy. Amid calls for amendments, financial advocates are lobbying for changes, while the Greens Party representative offers dissenting opinions particularly towards self-managed super funds' p...

In this episode, Paige Estritori discusses the disputed Superannuation Tax Cap bill, with opposing opinions from the Greens and Independent Allegra Spender. The Greens call for reforms and an end to super tax concessions to property investors, while Spender criticises the taxation of unrealised gains and a failure to index. Despite a challenging April, Australian super funds show robustness, with...

This episode of the Weekly Superannuation News Wrap provides an overview of current debates around the Australian superannuation scene, focusing on the controversial $3 million tax cap policy. The bill's progress hinges on convincing the Senate and navigating the political labyrinth of different perspectives. Parties such as The Greens propose stricter reforms regarding self-managed super funds (S...