Mon, 9th Sep 2024 - Superannuation News Wrap

What this episode covers

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses recent developments in Australia's superannuation sector. Topical issues include the scrutiny faced by United Super and BUSS Queensland, both connected to the construction union CFMEU, amid allegations of corrupt practices. APRA, the financial regulator, has demanded expert reviews over governance concerns but faces backlash and legal challenges suggesting procedural unfairness. APRA has temporarily relaxed its demands, with a full hearing scheduled for October. Paige also highlights disputes involving AMP Limited over the recent superannuation performance test methodology. AMP contests these with allegations that several products were incorrectly classified as 'trustee-directed', resulting in perceived underperformance. They suggest a revision of testing methodologies. Information on these stories and more can be found on their website.n

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This episode was published on September 8, 2024.

What is this episode about?

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses recent developments in Australia's superannuation sector. Topical issues include the scrutiny faced by United Super and BUSS Queensland, both connected to the...

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