Sat, 5th Apr 2025

This week's Superannuation News Wrap, hosted by Paige Estritori, discusses significant news in Australia's superannuation industry. Fortitude Investment Partners acquired a significant stake in ASF Audits, giving it a strong presence in the tech-enabled financial services sector. This partnership hints at growth in an industry projected to surpass a trillion dollars. Meanwhile, the Australian Securities and Investments Commission (ASIC) exposed some funds for charging deceased members, leading to anticipated reforms and improved compliance. ASIC is also taking legal action against AustralianSuper for substantial delays in disbursing death benefits, pushing the fund to re-evaluate its processes. Despite controversy, the industry maintains its commitment to member welfare and trust. Tune in next week for more updates.