Thu, 6th Feb 2025

In this episode of Financial Services Online's Weekly Superannuation News Wrap, Paige Estritori discusses alarming data from APRA showing Australian retirees leaving $302 billion in taxable accounts, with the Super Members Council addressing how poor fund management may be costing seniors annually. The Albanese government's new plans to tighten standards in the superannuation industry are also explored, looking at assumed election promises to resolve delays in insurance claims and death benefits. Recent high-profile cases like Cbus and AustralianSuper are mentioned, alongside reactions from Xavier OHalloran and ASFA. Lastly, Paige Estritori touches on ASIC's push for accountability to combat risky superannuation practices, Minister Stephen Jones's 'War on Scams,' and the importance of staying informed for financial stability.