Fri, 30th Aug 2024

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses a call to action from the Super Members Council, seeking fundamental changes to Australia's superannuation system. The council is highlighting unpaid super crisis affecting lower-income workers, women, migrants, and the job insecure. They propose aligning super payments with paydays and setting recovery goals. The Commonwealth Superannuation Corporation has revamped their advisory framework for the new fiscal year, drawing from human and digital resources to aid retirees. The Australian Prudential Regulation Authority presents a new Corporate Plan for 2024-25 aimed at strengthening financial systems. MUFG Retirement Solutions introduces a new compliance data platform by regulatory tech firm Nuj. Finally, the Federal Government announces reform providing superannuation contributions to the Commonwealth Paid Parental Leave scheme, significantly impacting retirement security and addressing gender disparity in superannuation.