Mon, 5th May 2025

On this Weekly Superannuation News Wrap, the latest industry updates include Damian Graham stepping down as Aware Super's Chief Investment Officer and an international hunt for his successor is underway. An $11 million penalty has hit DOD Bookkeeping over breach of remuneration regulations, emphasizing the importance of adhering to client best interests. Leigh Gavin assumes the reins as the new CIO of Cbus, aiming to manage 50% of its investments in-house within three years. The proposed tax on unrealised capital gains for superannuation balances over $3M has been questioned for its potential to cause economic turmoil. Lastly, ASIC's Report 806 criticizes superannuation trustees' mishandling of death benefits, underscoring the need for stronger support and improved communication.