Sat, 1st Jun 2024 episode artwork

EPISODE · May 31, 2024 · 2 MIN

Sat, 1st Jun 2024

from Superannuation News Wrap · host Paige Estritori

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses the increasing trend in Australia of people transferring from industry superannuation funds to self-managed super funds (SMSFs). This shift has led to a doubling in outflows from industry funds since early 2022, driven in part by larger losses experienced by industry funds. Analysis shows a surge in transfers to SMSFs, with industry fund pension payouts increasing sharply from $1.49 billion in 2020 to $3.07 billion recently. The Investment Trends 2024 Super Member Engagement Report illustrates a rise in member engagement, particularly among those with higher balances, indicating that Australians are becoming more proactive in their retirement planning and are seeking better control and potentially, greater returns on superannuation funds.n

Episode metadata supplied by the publisher feed · Published May 31, 2024

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses the increasing trend in Australia of people transferring from industry superannuation funds to self-managed super funds (SMSFs). This shift has led to a doubling in outflows from industry funds since early 2022, driven in part by larger losses experienced by industry funds. Analysis shows a surge in transfers to SMSFs, with industry fund pension payouts increasing sharply from $1.49 billion in 2020 to $3.07 billion recently. The Investment Trends 2024 Super Member Engagement Report illustrates a rise in member engagement, particularly among those with higher balances, indicating that Australians are becoming more proactive in their retirement planning and are seeking better control and potentially, greater returns on superannuation funds.n

PodParley-generated summary based on available episode metadata and transcript content.

NOW PLAYING

Sat, 1st Jun 2024

0:00 2:20

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of Superannuation News Wrap?

This episode is 2 minutes long.

When was this Superannuation News Wrap episode published?

This episode was published on May 31, 2024.

What is this episode about?

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses the increasing trend in Australia of people transferring from industry superannuation funds to self-managed super funds (SMSFs). This shift has...

Can I download this Superannuation News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!