Fri, 29th Aug 2025

This podcast recap presents the top events in Australia's superannuation industry. ASIC has taken legal action against Equity Trustees Superannuation Limited over alleged negligence, potentially affecting over 5,800 consumers and $160 million of retirement savings. Other platforms like Macquarie Investment Management are also under scrutiny. Legislative delays concerning Division 296 tax legislation are also causing consternation in the financial sector over concerns of retroactive tax application. The superannuation performance test could see amendments from the government in response to uniformity concerns, while the issue of high default super fees is affecting 60% of superannuation fund members. Experts suggest choosing lower-fee options to enhance retirement savings. Updates continue in the rapidly changing superannuation landscape.n