Sun, 5th Jan 2025

In this episode of 'Weekly Superannuation News Wrap', we discuss exciting developments in superannuation. Primarily, Australian super fund, AMP, has allocated 0.05% of its portfolio to Bitcoin with the help of BTC Markets. This strategic move by AMP acknowledges the emerging importance of cryptocurrencies despite its volatile nature. Elsewhere, NESS Super is introducing a financial advice platform to enhance the financial wellness of its 13,000 members. This service will provide personalised investment advice in partnership with Otivo, setting a new standard in member services. Finally, a report by Chant West shows positive market trends have led to a surge in superannuation returns with funds enjoying a rise, primarily due to good US share market performance. This underlines the continuous importance of balanced risk and return strategies.n