Sun, 7th Apr 2024

In this edition of the Weekly Superannuation News Wrap, Paige Estritori of Financial Services Online explores major developments in Australia's superannuation industry. The podcast discusses the ASFA's analysis of a proposal to allow the use of superannuation funds for home deposits, cautioning it could favor higher-income earners and inflate housing prices, leaving homeownership out of reach for low-income Australians. The program also covers the federal government's attempt to resolve taxation issues related to Successor Fund Transfers. Following that, there's debate over whether superannuation funds meet financial interest standards when investing in affordable housing. Lastly, Aware Super's socially responsible investment strategy to address the gender superannuation gap, and the substantial financial support from industry super funds received by the ACTU are also discussed.n