Fri, 24th Jan 2025

In this week's superannuation news, Financial Services Council (FSC) urges a reconsideration of 'Your Future, Your Super' initiative, citing an imbalance in guidelines towards default superannuation damaging to those seeking custom financial advice. They advocate for diversified product offerings tailored to individual needs. The Australian Prudential Regulation Authority (APRA) also highlighted its efforts to ensure transparency in Premium Adjustment Mechanisms between life insurers and super funds. Lastly, Australia's primary financial regulators, APRA and ASIC, emphasise the need for a climate code for super funds. They advocate for improved climate risk management and the communication of climate-related data to stakeholders to promote sustainable investment. The podcast encourages listeners to stay informed and proactive in their retirement planning decisions.n