Tue, 12th Aug 2025

In this week's Superannuation News Wrap, the Financial Advice Association of Australia (FAAA) has announced a significant expansion of their specialisations program to include new areas such as estate planning and retirement. Further, the Australian Treasury has released a consultation paper urging better engagement with members in advised financial relationships. Assistant Treasurer Daniel Mulino spoke about Australia's rapidly growing financial services sector, highlighting its role in national productivity. Proposed Division 296 reforms will heavily emphasise transparency and compliance for funds with earnings over $3 million. Lastly, MySuper default-type funds reported their highest annual return since 2020/21, a positive performance for the third year in a row, demonstrating their strategic significance in retirement planning despite market volatility.