Thu, 11th Jul 2024

In this episode, Paige Estritori from Financial Services Online discusses recent developments in the Australian superannuation industry. We learn about the significant improvements superannuation funds have made in offering suitable retirement services, resulting in increased member satisfaction. Despite this positive change, the industry is grappling with financial abuse, revealed by Super Consumers Australia in a parliamentary committee. Additionally, REST, the preferred super fund for retail workers, boasts a successful financial year, demonstrating their effective fund management strategies with promising returns. Lastly, the episode underscores the public demand for stronger superannuation fraud protections, with concerns raised over the delayed implementation of the Scam Mitigation Standard. Stay informed, secure, and keep saving with Financial Services Online.n