Thu, 27th Jun 2024

This episode of Financial Services Online's Weekly Superannuation News Wrap, hosted by Paige Estritori, focuses primarily on issues surrounding small super funds due to new Financial Institutions Supervisory Levies, which increase member fees significantly, undermining government efforts to decrease super fees. It also emphasizes the importance of compliance with minimum pension payment requirements for Self-Managed Super Fund pensioners to maintain tax benefits. Key updates including AustralianSuper's innovative, affordable housing initiative, 'Build-to-Rent-to-Own' in Melbourne, and the growing concern among Generation X over retirement funds and an increasing demand for digital financial advice platforms are also covered. The podcast underscores the need for policy changes that support healthy competition within the superannuation sector.