Thu, 7th Nov 2024

In this Weekly Superannuation News Wrap, we discuss key changes in the Australian superannuation landscape. Veteran Bernie Dean is now the Chief Strategy Officer at Cbus, carrying his experience from Industry Super Australia. Meanwhile, the Australian Taxation Office and the Australian Securities and Investments Commission are rigorously monitoring Self-Managed Superannuation Fund auditors to ensure diversified income sources. In a unique collaboration, Colonial First State and Viridian Advisory offer one-time financial advice to FirstChoice members. We also talk about the merger of CareSuper and Spirit Super forming Australia's 14th largest super fund aimed at providing enhanced services to its members. Lastly, large super funds welcome the Australian Prudential Regulation Authoritys decision to reduce operational risk reserve requirements, offering more financial flexibility.