Mon, 17th Mar 2025

In this week's Financial Services Online Superannuation News Wrap, Paige Estritori discusses the global retirement savings crisis, citing Amundi Investment Institute's findings that 39% of working-age U.S households and 20% of Europe's seniors could face post-retirement difficulties. She highlights strategies like tax incentives, financial education, employer contributions, and pension simulators to help alleviate the crisis. In Australian news, ASIC took legal action against AustralianSuper for delayed death benefit claims, potentially leading to regulatory reforms. Technological advances and regulatory reforms have improved Australian investment advice over the past decade. The Self Managed Super Fund Association advocates for advisers' access to Taxation Office data to enhance retirement planning. Finally, a Colonial First State study shows a gender gap in Australian retirement preparedness, suggesting financial literacy and tailored advice as potential solutions.