Thu, 6th Mar 2025

This week's edition of Weekly Superannuation News Wrap, presented by Paige Estritori, covers Australia's superannuation industry stories, including UniSuper's digital advice platform launch in partnership with Ignition Advice for personalized financial guidance. The platform, currently offering investment advice, aims to expand into contributions and pension planning. The move has been praised for bridging the advice gap following similar initiatives by AMP and Colonial First State. Meanwhile, the Association of Super Funds of Australia reports an increase in life insurance coverage through superannuation, benefiting six million previously uninsured Australians. However, AustralianSuper was fined $27 million for failing to protect over 90,000 members with multiple accounts, resulting in approximately $69 million lost over a decade due to redundant fees and missed earnings, prompting an industry-wide member-centric focus.