Mon, 18th Nov 2024

This episode of the Weekly Superannuation News Wrap covers various topics in Australian retirement finance. The 2024 Retirement Income Report notes over half of Australia's retirees aren't content with their superannuation funds, attributing this to confusion over complex products, lack of guidance, and concerns over fees. ASIC's scrutiny of Cbus leads to 80% of examined claims being settled, with 6,000 delayed claims resolved so far. ASIC also pursues United Super for allegedly mishandling over 10,000 death and disability claims. Finally, the Super Members Council highlights an overlooked opportunity for young workers, suggesting to abolish the 30-hour threshold for compulsory super contributions eligibility to create better financial futures. Stay informed to secure your retirement future.n