Sun, 16th Jun 2024 - Superannuation News Wrap

What this episode covers

In this episode of the Weekly Superannuation News Wrap, we discuss alarming developments in superannuation cold calling and the critical gender divide in retirement savings in Australia. Highlighting recent concerns by the Australian Competition and Consumer Commission and the Super Members Council, we discuss how aggressive cold-callers deceive individuals into switching their superannuation to underperforming funds with exorbitant fees. A focus is also placed on the persisting gender disparity in retirement savings, with men aged 60-64 holding significantly higher median super balances than women. We discuss potential methods to rectify this situation, which could result in substantial annual savings. The program concludes by urging listeners to remain cautious and informed about their superannuation investments.n

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Frequently Asked Questions

How long is this episode of Superannuation News Wrap?

This episode is 3 minutes long.

When was this Superannuation News Wrap episode published?

This episode was published on June 15, 2024.

What is this episode about?

In this episode of the Weekly Superannuation News Wrap, we discuss alarming developments in superannuation cold calling and the critical gender divide in retirement savings in Australia. Highlighting recent concerns by the Australian Competition and...

Can I download this Superannuation News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.