Sun, 14th Jul 2024

In this week's "Superannuation News Wrap," Paige Estritori explores superannuation fraud's link to organized crime as highlighted by AUSTRAC, underlining the need for increased vigilance in the sector. She discusses ASIC's recently increased levies and the consequent additional pressure on financial advisors to maintain cybersecurity resilience. The episode also acknowledges the improvements made in superannuation funds' pension and retirement services, as revealed by Investment Trends, and the resulting high member satisfaction rates. However, the important issue of financial abuse within superannuation funds is highlighted, with a call for mandatory guidelines and comprehensive changes for a safer, fairer superannuation environment. For more resources or services, visit the Financial Services Online website.