Tue, 19th Nov 2024

In this podcast, Paige Estritori discusses recent developments in Australia's superannuation industry. Key points include a notable shift in super fund strategies towards "Your Future, Your Super" performance benchmark, focusing on diverse asset investments and broader diversification for risk reduction. There is an emphasis on environmental, social, and governance factors in investment decisions. Concerns raised include retiree dissatisfaction due to product complexity, lack of guidance, and fee worries. A significant majority of potential retirees are seeking more guidance. ASIC has scrutinized Cbus and United Super for claim handling issues. The episode also highlights the need for policy amendment to include workers under 18 in compulsory super contributions for an estimated additional $10,000 by retirement.n