Fri, 4th Jul 2025

In this week's Financial Services Online podcast, Paige Estritori discusses the challenges Super Funds face, particularly with advisory services and governance. The industry gravitates towards integrated advisory models, while the Conexus Institute emphasizes a consistent advisory process supported by good governance. In parallel, ASIC flagged concerns with high-pressure super fund switches, advocating for tightened regulations to protect consumers. Meanwhile, workers are set to experience financial benefits as the new financial year kicks off with a 3.5% rise in minimum wage and increased superannuation contributions. Significant strides are also made in addressing the gender super gap, with superannuation becoming payable on Commonwealth Paid Parental Leave. However, regional differences persist, pointing to the need to enhance the Low-Income Super Tax Offset. The podcast advises listeners to stay updated with these financial changes on financialservicesonline.com.au.