Sat, 30th Mar 2024

In this podcast, Paige Estritori from Financial Services Online discusses the latest superannuation news in Australia. These include proposed reforms by the Financial Services Council aimed at reducing the red tape surrounding superannuation advice fees, thereby making financial advice more accessible. Discussion also covers APRA's response to rapid growth in superannuation funds, with plans to conduct stress tests on the financial system. The rise of high-net-worth women in Australia is examined, particularly their shift towards aggressive investment strategies and the industry's advice gap. Additionally, Meezan Wealth Management has launched Australia's first Sharia-compliant self-managed superannuation fund. Lastly, the Treasury is refining the new $3 million superannuation tax cap, focusing on how employer contributions factor into an individual's total superannuation balance.