Tue, 26th Mar 2024

On this week's Financial Services Online podcast, Paige Estritori discusses key developments in the Australian financial sector including a rise in high-net-worth women in finance adopting aggressive investment strategies. Meezan Wealth Management's creation of the 'Al-Mustaqbal Islamic SMSF', a Sharia-compliant self-managed super fund for Australian Muslims, is highlighted. Estritori also covers the Australian Treasury's proposed $3 million superannuation tax cap aiming for a fairer tax system. Deloitte's study forecasting a shift in Australia's retirement savings is analysed, emphasising the 'staple mechanism' giving industry super funds and self-managed super funds a competitive edge. The potential modification of the wholesale investor test by the Australian Parliamentary Joint Committee on Corporations and Financial Services, which could see a threshold increase to $4.5 million, is also discussed.n