Tue, 8th Apr 2025

In this episode, Paige Estritori covers key developments in superannuation services. The current global trade tensions, triggered by new US tariffs, have caused a notable slip in Australia's ASX 200 and prompted the Reserve Bank to contemplate cutting interest rates. In acquisition news, Fortitude Investment Partners have acquired a majority stake in ASF Audits, marking its entry into the tech-enabled financial services sector. The Australian Securities and Investments Commission highlights unethical super fund practices regarding deceased members' accounts, spurring calls for sector reform. They have also launched legal action against AustralianSuper due to substantial delays in processing death benefit claims. Despite reasons attributed to Covid-19, this raises critical considerations for operational standards in the superannuation sector.