Fri, 12th Jul 2024

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, leading to high member satisfaction. The issue of financial abuse within super funds, especially towards partnered women, is raised by Super Consumers Australia, calling for industry-wide protective measures. Lastly, the REST superannuation fund for retail workers is applauded for its impressive annual returns. For more details on superannuation, visit financialservicesonline.com.au.n