Mon, 6th Jan 2025

What this episode covers

This week sees landmark moves in the Australian superannuation industry in 2025. Financial juggernaut AMP has started investing in cryptocurrency, beginning with a 0.05% allocation to Bitcoin, acknowledging the growing importance of digital assets. In another development, superannuation fund NESS Super, in partnership with Otivo, has launched a technology platform to provide holistic financial guidance to its 13,000 members, encompassing aspects like investment strategies and debt management. This integration signifies NESS Super's continued focus on tech-driven enhancements for its members. Finally, superannuation returns have shown a marked ascent, with a 2.5% rise in median growth fund returns for November 2024 and projections indicating an 11% return for the year, largely due to robust investment in international and Australian equities. This upward movement offsets previous losses and outpaces inflation.

PodParley-generated summary based on available episode metadata and transcript content.