Tue, 17th Sep 2024

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses recent developments in the superannuation industry. Major topics include the Senate-approved 'Your Future, Your Super' reforms designed to eliminate high super fees and prevent duplicate accounts. AustralianSuper's vow to reach net-zero carbon emissions by 2050 offers an opportunity for investors seeking both financial growth and environmental sustainability. First State Super and VicSuper have merged, forming one of Australia's biggest super funds, a change consumers should monitor closely. The closing subject covers the newly introduced Superannuation Laws Amendment Bill 2024 which promises to rectify inconsistencies in the super guarantee system. Lastly, post-COVID-19 fund performance shows strong recovery, averaging an 18.2% return in the past fiscal year.