Mon, 2nd Jun 2025 - Superannuation News Wrap

What this episode covers

This week's Financial Services Online podcast discussed the latest news in Australia's superannuation sector. The primary focus was on the AMP Limited's ongoing trial for allegedly overcharging superannuation fees from 2008 to 2020, now facing a class action lawsuit. However, contrasting AMP's issues, the superannuation sector in Australia shows signs of vigorous growth, mainly due to an increase in the superannuation guarantee to 11.5%. On a concerning note, a trend has emerged with younger Australians anticipating longer careers, possibly until their 70s, prompting discussions about age-friendly workplaces and countering ageism. Furthermore, another class action against AMP accuses the company of overcharging a substantial number of its clients, drawing attention to fiduciary duty and consumer protection. Finally, leaders from top superannuation funds have sought regulatory simplification in meetings with ASIC and APRA to improve understanding and accountability within current regulations.

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This episode was published on June 1, 2025.

What is this episode about?

This week's Financial Services Online podcast discussed the latest news in Australia's superannuation sector. The primary focus was on the AMP Limited's ongoing trial for allegedly overcharging superannuation fees from 2008 to 2020, now facing a...

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