Sat, 24th Aug 2024

In this Weekly Superannuation News Wrap, Paige Estritori discusses major changes in Australia's superannuation sector, including technology upgrades, policy changes, and increased data security measures. MUFG Retirement Solutions and Nuj's partnership introduces a platform that automates compliance, enhancing superannuation practices. The Federal Government's plan to include superannuation contributions in the Commonwealth Paid Parental Leave scheme is projected to increase retirement savings substantially. The Australian Securities and Investments Commission (ASIC) is tightening regulation on offshore outsourcing and AI usage in financial advice to protect clients' data. The REST super fund is refining its investment options to improve members' decision-making, and a new partnership between Transmit Security and Wrkr aims to protect Australia's superannuation funds from cyber threats.