Thu, 24th Apr 2025

In this podcast, Paige Estritori discusses the pressing issue of unpaid superannuation in Australia and the role of business insolvency. Despite enhancements in the Payday Superannuation scheme, and the expansion of the Fair Entitlement Guarantee (FEG) regime, recoveries of unpaid dues are slow. The Association of Superannuation Funds of Australia suggests equal treatment for unpaid Superannuation Guarantee and wages, and that all collected interest and penalties should benefit employees. Australians' stress levels over retirement have hit a seven-year high due to inflation and soaring costs, with around 60% using savings for daily expenses. However, recent interest rate cuts are improving sentiments and aiding in retail recovery. The podcast underlines the evolving landscape of superannuation and financial stability and emphasizes the importance of staying informed.n