Mon, 25th Nov 2024

This episode of Financial Services Online discusses the latest developments in the Australian superannuation industry. Key topics include the upcoming superannuation reform, expected to drastically change the retirement landscape by introducing innovative products such as installment-based payments and money-back guarantees. Other noteworthy changes include the increase in employer contributions to 12% by 2025 and a hike in super earnings tax on funds over $3 million. Advances in super technology, especially the Stockspot and DASH collaboration, are also highlighted, offering novel alternatives to traditional Self-managed Super Funds. The episode further talks about potential industry consolidation, with CareSupers potential partnership with MIESF, resulting in added competitiveness. Lastly, shifts in industry investment strategies, including increased ESG considerations, hint at a future of enhanced social responsibility.