Sun, 11th Aug 2024

This episode of the Weekly Superannuation News Wrap explores key issues in the Australian financial sector. A coalition of superannuation bodies calls for a vital revamping of superannuation death benefit laws to safeguard victims of family violence. Leadership changes are announced with Sam Wall appointed new CEO of Iress' Superannuation division and Catherine Bolger elected as REST's new employee-nominated board director. Controversy continues regarding payments from industry superannuation funds to unions, with APRA maintaining the legality of such payments despite criticism. Lastly, Mercer Super receives a notable $11.3 million fine for greenwashing, shedding light on the necessity for financial institutions to uphold genuine environmental responsibility. Tune in for these comprehensive updates and more.n