EPISODE · Jun 2, 2025
Tue, 3rd Jun 2025
from Superannuation News Wrap · host Paige Estritori
In this episode of 'Weekly Superannuation News Wrap', we discuss the latest legal trouble for AMP Limited, accused in a class action lawsuit of imposing excessive fees on superannuation account holders from 2008 through to 2020. The contributions within the superannuation sector are rising, despite a minor dip in assets. This shows a surge in personal contributions, which demonstrates overall growth within the industry. The show also highlights a trend among younger Australians, who are expecting to work into their 70s, signalling a shift from previous generation's retirement expectations. Lastly, the case against AMP could have industry-wide impacts, by bringing issues of fiduciary duty and consumer protection into spotlight. Tune in next week for more updates.n
What this episode covers
In this episode of 'Weekly Superannuation News Wrap', we discuss the latest legal trouble for AMP Limited, accused in a class action lawsuit of imposing excessive fees on superannuation account holders from 2008 through to 2020. The contributions within the superannuation sector are rising, despite a minor dip in assets. This shows a surge in personal contributions, which demonstrates overall growth within the industry. The show also highlights a trend among younger Australians, who are expecting to work into their 70s, signalling a shift from previous generation's retirement expectations. Lastly, the case against AMP could have industry-wide impacts, by bringing issues of fiduciary duty and consumer protection into spotlight. Tune in next week for more updates.n
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Tue, 3rd Jun 2025
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