Thu, 2nd Jan 2025 - Superannuation News Wrap

What this episode covers

This week's episode from Financial Services Online discusses key updates in Australian Superannuation. The Australian super fund AMP plans to venture into cryptocurrencies with a 0.05% Bitcoin allocation, indicating acknowledgment of the emerging crypto asset class despite risk factors. NESS Super, a superannuation entity for the electrical services industry, unveiled a strategic partnership with Otivo to provide its 13,000 members with an advanced advice technology platform. The platform aims to offer inclusive financial advice, personal insurance consultations, and asset management. Furthermore, there's been a significant surge in superannuation growth, with Chant West reporting a 2.5% median growth fund returns rise in November alone. Despite past losses, super funds have maintained an impressive average of 7.9% annual returns since 1992. This week reflects a notable blend of innovation and growth in Australian Superannuation.

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This episode was published on January 1, 2025.

What is this episode about?

This week's episode from Financial Services Online discusses key updates in Australian Superannuation. The Australian super fund AMP plans to venture into cryptocurrencies with a 0.05% Bitcoin allocation, indicating acknowledgment of the emerging...

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