Sun, 28th Apr 2024

On this week's episode of Weekly Superannuation News Wrap, we discuss UniSuper's decision to switch their insurance needs from TAL to MetLife Insurance. The move is seen as an effort to improve services using MetLifes digital and customer-focused approach. We also cover uncertainties surrounding Federal Treasury's new $3 million cap on superannuation and its long-term impacts. Changes in superannuation taxation are causing trouble for the farming sector, particularly including unrealized land profits in tax assessments. The NFF has suggested exempting agricultural assets from these evaluations to alleviate pressure on farmers. Lastly, we explore a study by Colonial First State indicating Australians' retirement goals surpass guidance figures, suggesting a need for more personalized retirement plans. For more stories, visit our website: financialservicesonline.com.au.