Tue, 16th Jul 2024

This episode, brought to you by Financial Services Online, delves into the concerning surge of superannuation fraud in Australia from cyber criminals. It reveals that despite increasing incidents, the threat to the super sector is currently only perceived as low to medium. The episode further discusses the unsuspecting role of professionals, such as lawyers and accountants, who could unintentionally facilitate fraudulent activities. It highlights the importance of robust preventive measures in order to protect super funds. The episode also navigates the increasing regulatory costs faced by financial advisors and their implications. Lastly, it shares some positive news regarding heightened member satisfaction within super funds retirement services, as revealed by Investment Trends' research. Super fund providers are urged to continue improving their services.