Sat, 21st Sep 2024

This episode of the Weekly Superannuation News Wrap explores major developments in Australia's superannuation sector. TelstraSuper and Equip Super are potentially merging, a move that could reshape the industry by integrating $60 billion in assets and over 225,000 members. Millennials are increasingly attracted to self-managed super funds (SMSFs) for property investment, driven by supporting policies. Regulatory changes effective from July 1, 2026, will require employers to align superannuation contributions with paydays, likely boosting retirement savings. Australia's Treasurer, Jim Chalmers discusses the country's economic transitions and new measures in superannuation to navigate these shifts, including superannuation on Paid Parental Leave. Finally, the Australian Financial Complaints Authority (AFCA) is seeking feedback on its superannuation insurance dispute resolution methods until September 30, 2024. For further details, visit financialservicesonline.com.au.