Sun, 1st Dec 2024

In the latest episode of the Financial Services Online podcast, host Paige Estritori discusses key news in the Australian superannuation industry. Topics include significant changes planned by the federal government to simplify retirement and improve superannuation, with the Australian Securities and Investments Commission launching an education campaign in early 2025. The self-managed superannuation fund (SMSF) sector has reached a notable milestone, with assets surpassing one trillion dollars despite critiques surrounding costs and complexity. Furthermore, APRA is intensifying its examination of asset management within the superannuation industry, triggered by issues around HESTA's member compensation and persistent difficulties with timely asset revaluations. The industry regulator's forthcoming findings are expected to set new standards in financial management and governance.