Fri, 9th May 2025

In this episode, Paige Estritori discusses the recent increase in APRA levies on superannuation funds, raising concerns about stifled competition and hindered innovation. The Association of Superannuation Funds of Australia reports a significant 147% increase over the past ten years, impacting smaller funds disproportionately. The Australian super fund, Aware Super, starts an international hunt for a new CIO as current CIO, Damian Graham, prepares to step down by end of the year. Under his leadership, the fund reported an 8.98% growth in its High Growth Fund. Lastly, the Federal Court orders penalty on the advice firm DOD Bookkeeping for breaching remuneration rules. They were found guilty of giving substantial bonuses to advisors promoting in-house property investments, compromising the quality of advice. This serves a stern warning against financial misconduct.n