Tue, 13th May 2025

This episode of the Weekly Superannuation News Wrap examines the rising costs of the Australian Prudential Regulation Authority's (APRA) levy on superannuation funds, which have risen a significant 147% over the past decade. The Association of Superannuation Funds of Australia calls for more transparency from regulators on fund allocation, while warning about the potential consequences for market competition and innovation. These levies, mainly funded by member administration fees, could impose an additional cost of around $6 per account for MySuper members by FY 2025-26, with larger funds able to charge less. Listeners are encouraged to monitor how their super funds manage these expenses and the potential added costs. This podcast encourages financial awareness to make informed financial decisions.