Sun, 20th Jul 2025

This week's podcast focused on significant news in the Australian superannuation industry. Notable highlights include the backlash AustralianSuper faced due to its $395 million investment in Whitehaven Coal, straying from their previous divestment stance and raising questions about balancing financial gain with environmental responsibility. There's a push from the Super Members Council for legislative changes to implement digital death benefit nominations in super funds. The podcast also highlighted Industry Fund Services' record-breaking recovery of $226 million in unpaid superannuation over the last fiscal year. Pending the Payday Super scheme's upcoming rollout, there's an increasing call for a more consumer-focused approach from super funds to improve retiree outcomes, amidst ongoing issues around retiree satisfaction. Lastly, the Super Members Council is urging for this scheme's start date to be July 1, 2026, due to an escalating unpaid superannuation bill.n