Fri, 22nd Nov 2024

In this episode, Paige Estritori of Financial Services Online discusses key superannuation news. Topics include an upcoming overhaul in the Australian superannuation system, aiming to serve about 2.5 million retiring Australians with innovative products and increased employer contributions. However, earnings over three million will be subject to increased tax. Meanwhile, fintech firm, Stockspot, in alliance with Wealth Tech company DASH, launches a new transparency-aimed product within the superannuation sector. Furthermore, CareSuper is potentially expanding its portfolio through a partnership with The Meat Industry Employees' Superannuation Fund. On the investment front, super funds are shifting towards diverse assets due to the 'Your Future, Your Super' performance benchmark. The episode concludes with a discussion on retiree satisfaction, noting high fees and complexity as major concerns among them.