Fri, 19th Apr 2024

In this episode of the Weekly Superannuation News Wrap, we discuss UniSuper's $600 million commitment to Macquarie Group's renewable energy fund, a move showcasing a shift towards sustainable practices. Michael Lovett's appointment as the new CEO of Bell Asset Management is also in the spotlight, indicating a promising future for the firm. We delve into the proposed Treasury Laws Amendment Bill that may affect investment flows and the Australian finance landscape. We highlight the role of advisors in personalizing retirement income plans despite changing regulations, and the inconsistent compliance with the Retirement Income Covenant mandate. Lastly, we cover the Law Council of Australia's concerns over the proposed changes to judge pensions, warning of potential harm to judicial independence and recruitment. Stay tuned with Financial Services Online for informed updates on superannuation and finance.