Mon, 8th Apr 2024 - Superannuation News Wrap

What this episode covers

In this episode, host Paige Estritori discusses key developments in the Australian financial industry and superannuation. A recent study from Challenger Limited revealed that lack of professional financial advice increases living costs and the risk to retirement savings significantly. The Insurance Australia Group settled payroll discrepancies dating back to 2013 with a payment of over $37 million to its staff, while also transitioning to automated payroll systems. The Association of Superannuation Funds of Australia cautioned against a proposal allowing superannuation money for home deposits, due to its potential impact on housing prices. Proposed changes to the Income Tax Assessment Act aim to ease taxation difficulties for super members during Successor Fund Transfers. Lastly, the Australian Prudential Regulation Authority is being urged to review super fund investments in affordable housing projects for their financial viability and adhere to best interest standards.n

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Frequently Asked Questions

How long is this episode of Superannuation News Wrap?

This episode is 3 minutes long.

When was this Superannuation News Wrap episode published?

This episode was published on April 7, 2024.

What is this episode about?

In this episode, host Paige Estritori discusses key developments in the Australian financial industry and superannuation. A recent study from Challenger Limited revealed that lack of professional financial advice increases living costs and the risk...

Can I download this Superannuation News Wrap episode?

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