Wed, 22nd Jan 2025

In this episode of 'Weekly Superannuation News Wrap', host Paige Estritori discusses recent developments affecting Australia's superannuation industry. The podcast focuses on two major topics: Australian financial regulators, APRA and ASIC, urging superannuation funds to collaborate with industry bodies on climate risk management, and possible reform in Australias superannuation system with potential decrease in the current 12% Superannuation Guarantee rate. The proposed climate risk code seeks to enable well-informed decisions for sustainable investment portfolios by standardizing the presentation of technical climate data to stakeholders, while the debate on superannuation reform is around the balance between protecting member interests and ensuring a sustainable system. These discussions underscore the importance of the superannuation system to Australia's socio-economic structure.