Sat, 21st Jun 2025

What this episode covers

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses key financial aspects affecting Australians: a potential increase in retirement savings due to a rise in the Superannuation Guarantee, challenges faced by foreign workers from Pacific nations and Timor-Leste in accessing superannuation, the Australian Prudential Regulation Authority's new cybersecurity requirements for superannuation fund trustees, and debates over Australia's superannuation concessions. Despite the good news of increased savings, a recent survey demonstrates a wide gap in understanding superannuation rates. A University of South Australia study highlights the issues foreign workers face with superannuation, and reforms are proposed to assist. In light of recent cyber-attacks, APRA introduces stringent cybersecurity measures for funds. Lastly, questions are raised about the cost of superannuation concessions on public services, hinting at potential policy shifts to ensure future security.

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