Fri, 6th Jun 2025

What this episode covers

In this week's Superannuation News Wrap, Paige Estritori discusses a potential shake-up in financial advisor fee billing models, aligning with tax efficiency directives from the Australian Taxation Office. Treasurer Jim Chalmers' proposed 30% tax on super earnings over $3 million, potentially affect 80k Australians, is also highlighted. For financial advice accessibility, 82% of Australians support universal access, but barriers such as costs and perceived benefits persist. Informative research by Colonial First State indicates a lack of awareness on super accounts usage for advice-related fees. The report further emphasizes Australians' demand for easier access to such advice due to aging citizens and rising financial stress among various demographic groups. As changes loom in the financial sector, the podcast promises to keep its listeners informed. Visit financialservicesonline.com.au for more information.

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