Fri, 23rd Aug 2024 - Superannuation News Wrap

What this episode covers

In the latest edition of Financial Services Online's Weekly Superannuation News Wrap, the Australian Securities and Investments Commission (ASIC) plans to strengthen data security and craft new AI-specific regulations in the financial advice sector. Industry super fund REST has simplified its investment offerings, promoting financial literacy among members. Cybersecurity companies Transmit Security and Wrkr aim to modernize outdated security systems, amidst increasing cyber fraud threats. The Retirement Conference in Canberra underscored challenges in superannuation, with Conexus Financial launching an informative "Retirement Magazine" to address these issues. Lastly, APRA deputy chair Margaret Cole emphasized the necessity for super funds to meet Retirement Income Covenant obligations, to improve retirement outcomes nationwide.

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When was this Superannuation News Wrap episode published?

This episode was published on August 22, 2024.

What is this episode about?

In the latest edition of Financial Services Online's Weekly Superannuation News Wrap, the Australian Securities and Investments Commission (ASIC) plans to strengthen data security and craft new AI-specific regulations in the financial advice sector....

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