Sun, 14th Apr 2024

In this week's Superannuation News Wrap, we cover key stories influencing Australia's superannuation landscape. Rest, an Australian superannuation fund, has set ambitious environmental targets, planning to renovate logistics infrastructures in Western Europe to achieve net-zero emissions and increasing their impact investments to 1% by 2026. The Financial Services Council is advocating for clearer distinctions between 'soft' and 'hard' nudges in superannuation guidance to promote personal choice in retirement planning. A study by Challenger Limited highlights the importance of professional financial advice for Australians' economic stability, especially in retirement. Finally, Insurance Australia Group has rectified payroll discrepancies, affecting over 20,000 employees, with a $37 million settlement and is overhauling its systems for better governance.n