Thu, 29th Aug 2024

This week's podcast discusses latest news around superannuation. Commonwealth Superannuation Corporation (CSC) is focusing on an advisory framework to help public service and defense force members secure favourable retirement. This initiative, supported by data analysis, will offer a blend of human and digital advice. The Australian Prudential Regulation Authority (APRA) has presented a Corporate Plan for the fiscal year 2024-25, designed to ensure financial stability in banks, insurers, and superannuation trustees. MUFG Retirement Solutions and tech firm Nuj have collaborated on a sophisticated compliance data platform. Additionally, new legislation allows superannuation contributions within the Commonwealths Paid Parental Leave scheme, potentially contributing to reduced gender disparity. ASIC is scrutinising offshore outsourcing and AI's role in financial advice, focusing on data privacy and technology risks.n