Fri, 7th Mar 2025

In this weekly superannuation news wrap, the launch of a new digital advice platform by UniSuper, Australia's fourth-largest super fund, is announced. Developed with Ignition Advice, this platform aims to fill the advice gap in financial literacy and accessibility. The platform offers tailored advice on superannuation, insurance, and retirement strategies, accessible via the MemberOnline portal, or the UniSuper app. Secondly, a report by the Association of Super Funds of Australia shows an impressive rise in life insurance coverage through superannuation, with six million previously uninsured Australians now obtaining coverage. Lastly, amid many positives, Australia's largest industry super fund, AustralianSuper, is fined a colossal $27 million for a lapse in compliance, resulting in significant loss for their members, emphasizing the necessity of compliance and member-centred policies in the industry.