Sun, 29th Sep 2024 - Superannuation News Wrap

What this episode covers

This episode of the Weekly Superannuation News Wrap, hosted by Paige Estritori, covers major updates relevant to Australian financial advisors and clients. The Australian Taxation Office now broadens tax-deductibility for financial advice, promoting wider patronage. However, the campaign for full deductibility of all advice fees continues. Super Consumers Australia identifies inaccuracies in super fund retirement calculators and advocates for a unified, reliable platform. A Finder survey shows a mere 10% of Australians track their super fund performance, underscoring the need for increased awareness and engagement in financial planning. The Government introduces the 'Treasury Laws Amendment Instrument 2024' to loosen restrictions on legacy superannuation income streams, allowing more flexibility in managing retirement savings. A major superannuation fraud case serves as a stern reminder to remain vigilant and proactive in handling individual superannuation schemes.

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When was this Superannuation News Wrap episode published?

This episode was published on September 28, 2024.

What is this episode about?

This episode of the Weekly Superannuation News Wrap, hosted by Paige Estritori, covers major updates relevant to Australian financial advisors and clients. The Australian Taxation Office now broadens tax-deductibility for financial advice, promoting...

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