Fri, 22nd Mar 2024

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses the state of the superannuation sector in Australia. Chant West reports a promising 9% increase in Super funds over a four-month period, with contributions from international shares from developed markets and Chinese-led emerging markets. Experts emphasize the importance of diversified, long-term strategies. The Association of Superannuation Funds of Australia is calling for more tailored climate reporting guidelines, a move that could provide clearer, more accessible information to fund members. There's also increased interest in ethical investments, with investors keen on transparency and accountability. An 'income for life' product from AustralianSuper and TAL offers a guaranteed income stream for retirees, a sign of innovative responses to the needs of a changing retirement landscape. Finally, there's a trend of more expert advice being sought by owners of Self-Managed Superannuation Funds, showing progressive changes in the sector.n