Thu, 26th Sep 2024

On this episode of Financial Services Online news, host Paige Estritori covers important issues concerning Australia's superannuation industry. A Finder survey uncovers shocking apathy, with just 10% Australians actively tracking their super fund performance, spotlighting a need for more awareness and proactive management of retirement funds. The episode discusses recent government reforms aimed at freeing Australians from antiquated superannuation products and highlights a worrying scam where the public became victims of superannuation fraud. In industry news, potential merger talks between super giants TelstraSuper and Equip Super could lead to increased operational efficiencies and strategic growth. The episode concludes with exploration of a rising trend among millennials using self-managed super funds for property investment, despite legislative challenges and potential amendments.