Thu, 21st Mar 2024

This episode of the Weekly Superannuation News Wrap by Financial Services Online covers significant developments in Australia's superannuation industry. The ASFA is lobbying for bespoke climate reporting standards to facilitate informed individual investment decisions. AustralianSuper and TAL have partnered to create an 'income for life' product assuring steady income for retirees. The Self-Managed Superannuation Funds sector has seen a shift away from independently managed funds towards financial advisors, particularly among Generation X. A recent RIAA study reveals that 88% of Australian investors are interested in ethical investment opportunities beyond superannuation. The SMSF Association warns about the potential implications of taxing unrealized capital gains on superannuations with over $3 million in concessions.