Sat, 19th Jul 2025 - Superannuation News Wrap

What this episode covers

In this week's update, Financial Services Online discusses the backlash over AustralianSuper's investment of $395 million in Whitehaven Coal, contradicting its net zero emissions pledge. The Super Members Council is pushing for digitization of the super fund death benefits nomination process to reduce processing times. There's also an urgent call for initiation of payday superannuation legislation, as unpaid superannuation bills amount to a significant $5.7 billion. Despite this, Industry Fund Services has successfully recovered a record $226 million in unpaid superannuation in fiscal year 2024-25. Regulatory authorities and industry experts are urged to prioritize improvements in the superannuation sector, particularly concerning retirement outcomes.

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This episode was published on July 18, 2025.

What is this episode about?

In this week's update, Financial Services Online discusses the backlash over AustralianSuper's investment of $395 million in Whitehaven Coal, contradicting its net zero emissions pledge. The Super Members Council is pushing for digitization of the...

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