Wed, 18th Jun 2025

In this episode of the Weekly Superannuation News Wrap, we discuss the recent push for enhanced cybersecurity in Australia's superannuation industry, especially in light of recent attacks on major funds. The Australian Prudential Regulation Authority urges super funds to tighten their security measures. The episode also highlights concerns about superannuation concessions, viewed as favoring high-income earners and expected to cost the federal budget around $60 billion by 2024-25. In July, Australians enjoy an increase in employer Superannuation Guarantee contributions, but are warned about potential pay cuts. Industry figure Mark Bouris advises vigilance on possible superannuation tax changes. Despite global economic challenges, this year is expected to conclude with positive returns for superannuation funds.