Mon, 1st Apr 2024

This week's edition of the Weekly Superannuation News Wrap on Financial Services Online, hosted by Paige Estritori, covers a range of key developments in the Australian financial sector. The Financial Services Council is advocating for reforms to reduce duplicative procedures and make superannuation advice more accessible. In the wake of superannuation assets anticipated to outpace banking due to an annual growth of 8.8%, the Australian Prudential Regulation Authority plans to conduct stringent stress tests. A spotlight has been shone on high-net-worth women making aggressive investments, with calls for more inclusivity in financial advisory service. In a bid to cater to specific needs, Meezan Wealth Management has innovatively introduced 'Al-Mustaqbal Islamic SMSF,' a fund that aligns with Islamic law. These critical shifts are poised to reshape the way Australians invest.n