Mon, 9th Jun 2025

What this episode covers

In this episode, host Paige Estritori discusses key updates in superannuation. As part of the Delivering Better Financial Outcomes reforms, super fund trustees are to provide financial advice to Australia's soon-to-retire population, despite concerns over potential conflict of interests. Meanwhile, the conversation about accessibility and affordability of financial advice continues, with a survey revealing a majority support for universal financial advice. Notably, super account funds can offset the costs of financial advice, a fact unknown to one in ten Australians. The Financial Advice Association Australia has released a new guide supporting substantial changes to traditional fee structures. Lastly, Treasurer Jim Chalmers is advocating for superannuation tax reform, pushing for a 30% tax rate on super earnings above $3 million. These developments highlight the superannuation sector's adaptability. Stay tuned for more updates from Financial Services Online.

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