Wed, 16th Apr 2025

This podcast episode by Financial Services Online, hosted by Paige Estritori, discusses significant news in the superannuation industry for the week of April 16, 2025. The episode highlights two main issues - discrepancies in pension regulation between the Australian Tax Authority (ATO) and the Australian Prudential Regulation Authority (APRA), and a proposal by the Department of Employment and Workplace Relations to expand the Fair Entitlements Guarantee (FEG) scheme to cover unpaid Superannuation Guarantee contributions. The proposed expansion is aimed at supporting approximately 2.8 million workers who suffer from unpaid superannuation annually. The episode also addresses the impact of market volatility on superannuation balances, emphasizing the need for calmness among young investors and strategic planning for older ones. The overarching message is the importance of staying informed and proactive in securing finances.