Tue, 27th Aug 2024

In this week's "Weekly Superannuation News Wrap," we discuss MUFG's revolutionary compliance data platform, Nuj, which is changing the way super funds handle compliance. Our government sector update includes the inclusion of superannuation contributions in the Commonwealth Paid Parental Leave scheme beginning July 2025, a reform expected to dramatically reduce gender disparities in superannuation. We then discuss ASIC's plans to increase scrutiny of the financial advice sector, focusing on offshore outsourcing and AI use to ensure data privacy and manage tech risks. Lastly, we touch on changes at REST, a premier industry super fund, which is simplifying its investment options to offer more accessible options for their members. For more detailed understandings of these developments, visit financialservicesonline.com.au.n