Sun, 23rd Feb 2025

On this episode of Financial Services Online, Paige Estritori updates listeners on recent Australian superannuation industry news. In January 2025, the Australian median growth fund increased by 2.2%, buoyed by domestic and global shares which saw a 4.5% hike. Despite issues with emerging markets and rising Chinese startups, developed international shares still returned 3.4%. Superannuation leaders underlined the importance of fund preservation and proposed an increase in contribution rates to 12% to ensure the systems sustainability. Regulatory vigilance was evident as APRA enhanced scrutiny on Cbus over risk management worries. The Senate questioned the haste in approving the third interim report from the Senate Economics References Committee, expressing concerns about its potential effects on the superannuation sector. Lastly, a tax reform proposal for superannuation accounts over $3 million faced obstacles in the Senate, calling for a more equitable system.n