Sun, 24th Mar 2024 episode artwork

EPISODE · Mar 23, 2024 · 2 MIN

Sun, 24th Mar 2024

from Superannuation News Wrap · host Paige Estritori

On this week's Superannuation News, there are some significant developments in the Australian retirement savings landscape. Industry Super Funds and SMSFs are projected to control the sector by 2043, due to the 'staple mechanism', which could increase the annual growth rates for post-retirement assets in industry funds. The Australian Parliamentary Joint Committee is redefining sophisticated investors' classification, potentially adjusting the wholesale investor test net asset threshold to $4.5 million. Australian super funds are experiencing a growth surge, driven by international shares. ASFA is advocating for tailored climate reporting standards to shape investment choices and establish sustainability benchmarks. Finally, AustralianSuper and TAL have introduced an 'income for life' product, enforcing their commitment to the financial security of Australia's aging population.

Episode metadata supplied by the publisher feed · Published Mar 23, 2024

On this week's Superannuation News, there are some significant developments in the Australian retirement savings landscape. Industry Super Funds and SMSFs are projected to control the sector by 2043, due to the 'staple mechanism', which could increase the annual growth rates for post-retirement assets in industry funds. The Australian Parliamentary Joint Committee is redefining sophisticated investors' classification, potentially adjusting the wholesale investor test net asset threshold to $4.5 million. Australian super funds are experiencing a growth surge, driven by international shares. ASFA is advocating for tailored climate reporting standards to shape investment choices and establish sustainability benchmarks. Finally, AustralianSuper and TAL have introduced an 'income for life' product, enforcing their commitment to the financial security of Australia's aging population.

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This episode was published on March 23, 2024.

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On this week's Superannuation News, there are some significant developments in the Australian retirement savings landscape. Industry Super Funds and SMSFs are projected to control the sector by 2043, due to the 'staple mechanism', which could...

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