Mon, 25th Mar 2024

In this episode, Paige Estritori from Financial Services Online discusses key events in the Australian superannuation landscape. Highlights include draft regulations refining the $3 million superannuation tax cap, focusing on exclusion of employer contributions from defined benefit calculations; prediction of industry super funds and SMSFs dominating retirement savings by 2043; a 9% growth surge in the superannuation growth fund sector driven by international shares; reevaluation of sophisticated investor classification benchmarks; and the proposal of bespoke climate reporting standards by the Association of Superannuation Funds of Australia. These developments hold significant implications for the management of superannuation funds, investment opportunities, and sustainable reporting in Australia.n