Sat, 17th Aug 2024

In this week's Superannuation News Wrap, Paige Estritori presents key stories from the Australian superannuation industry. Major topics include the call for superannuation funds to collaborate with insurers to meet Retirement Income Covenant obligations, a plea echoed by APRA's Deputy Chair Margaret Cole and ASIC Commissioner Simone Constant. The Conexus Institute also emphasises the importance of advancing retirement strategies, concomitant with Conexus Financial's launch of the Retirement Magazine. Meanwhile, SuperMate, Australians' third-largest SMSF solution, ups its security measures with new anti-fraud features, following the loss of over 2.7 billion dollars to scams last year. Lastly, a group comprising of the Super Members Council and Women in Super is lobbying for changes to superannuation death benefit laws to protect victims of family violence. For more updates, visit financialservicesonline.com.au.