Thu, 14th Nov 2024

In this week's Superannuation News Wrap, discussion centers around changes to rules exempting workers under 18 from compulsory super contributions, a move backed by major funds like REST that could benefit half a million young workers. Industry news includes allegations against construction industry fund, Cbus, by the Australian Securities and Investments Commission over serious insurance claims processing delays, resulting in initiating legal proceedings and compensation measures for over 3,000 affected members. The need for retirees to have access to affordable, comprehensive financial advice for managing their superannuation has been spotlighted, with digital solutions endorsed. Finally, HESTA intensifies scrutiny on Mineral Resources Limited due to governance challenges that risk investor confidence.