Fri, 10th May 2024

In this Daily Financial Services News Wrap, the highlight is a standoff between senior Australian judges and the Federal Treasury over the proposed $3 million superannuation tax cap, alleging it compromises judicial independence and financial security in retirement. Also in superannuation news, the Association of Superannuation Funds of Australia has called for early consultation on potential family law superannuation reforms, advocating a 12-month adjustment period. The changing Australian job market is highlighted too, with the 2024 Employment and Salary Trends Report indicating financial pressures have led to employees prioritizing job stability over flexible working hours. Lastly, marine insurance leader Club Marine has announced Tim Wiles as their new permanent CEO, praised for his leadership skills and passion for boating.