Sat, 28th Sep 2024

In this episode of 'Financial Services Online,' Paige Estritori discusses the latest superannuation news. It covers the Australian Tax Office's recent expansion of tax-deductible financial advice fees, potentially making advice more accessible. Challenges with misleading retirement calculators are highlighted, with Super Consumers Australia advocating for government-led reforms for more accurate advice. A worrying knowledge gap about superannuation performance among Australians is noted, especially among women. The Australian Tax Office has discovered $17.8 billion in lost and unclaimed superannuation. Reforms to facilitate exiting outdated superannuation schemes are covered along with a cautionary note on a recent case of superannuation fraud. The podcast reaffirms the importance of being informed about and actively managing your superannuation. For more, visit financialservicesonline.com.au.