Mon, 27th Jan 2025

This episode of the Financial Services Online podcast covers the week's news in superannuation. Paige Estritori discusses the Financial Services Council's request for the federal government to revise the 'Your Future, Your Super' initiative, emphasizing the scheme's neglect of engaged customers and need for more tailored financial advice. The Australian Prudential Regulation Authority (APRA) highlighted profit-sharing dynamics between life insurers and super funds; they aim to protect members' interests and ensure fiduciary duties are upheld. APRA and ASIC also propose a code for managing the super's climate risk, aiming for standardization of climate-related financial decisions. Listen in for comprehensive updates on the Australian superannuation industry.