EPISODE · Aug 1, 2024
Fri, 2nd Aug 2024
from Superannuation News Wrap · host Paige Estritori
In this installment of the weekly Superannuation News Wrap, Paige Estritori discusses significant developments in Australia's superannuation industry. Major companies are adhering to anti-fraud measures under a new scheme, FSC Standard No 29, to secure approximately $3.5 trillion in retirement savings. The program enables customization to suit individual consumer needs, emphasizing focus on security. Elsewhere, new reporting regulations demand that audited financial reports are submitted within three months of each fund's fiscal year-end, with late submissions likely to face penalties. ASIC and APRA are introducing a public electronic submission system, aligning with international financial governance trends. The podcast also covers contention in the field, with Senator Andrew Bragg's characterization of group insurance as "junk insurance" sparking debate and urging personalized advice for stakeholders. Lastly, the episode touches on the political implications of superannuation as elections approach.
What this episode covers
In this installment of the weekly Superannuation News Wrap, Paige Estritori discusses significant developments in Australia's superannuation industry. Major companies are adhering to anti-fraud measures under a new scheme, FSC Standard No 29, to secure approximately $3.5 trillion in retirement savings. The program enables customization to suit individual consumer needs, emphasizing focus on security. Elsewhere, new reporting regulations demand that audited financial reports are submitted within three months of each fund's fiscal year-end, with late submissions likely to face penalties. ASIC and APRA are introducing a public electronic submission system, aligning with international financial governance trends. The podcast also covers contention in the field, with Senator Andrew Bragg's characterization of group insurance as "junk insurance" sparking debate and urging personalized advice for stakeholders. Lastly, the episode touches on the political implications of superannuation as elections approach.
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Fri, 2nd Aug 2024
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