Thu, 22nd Feb 2024

This episode of Financial Services Online covers a range of topics, starting with the proposal by the Super Members Council for changes to Australia's superannuation system. The changes, expected to make retirement planning easier and more intuitive, also highlight the need for reforms in financial advice and retirement planning. The episode moves on to defend a leading grocery chain's price increases due to supplier costs and global factors. It also discusses failures by insurers QBE and Hollard to help vulnerable customers after the 2022 floods, their plans for improvement, and increasing societal demands on insurance practices. Lastly, it details the Australian Taxation Office's efforts to tackle misuse of Self-Managed Superannuation Funds, reflecting a stronger commitment to protecting retirees' superannuation.