Wed, 26th Mar 2025

In this week's Weekly Superannuation News Wrap, Paige Estritori discusses key industry updates. Australia's Active Super was fined $10.5 million for misrepresenting its environmental credentials, marking ASIC's third successful greenwashing case. This highlighted the importance of genuine environmental responsibility for businesses as green investment trends surge. Viridian Advisory's pre-budget survey indicated ongoing concerns over superannuation, aged care, and cost of living pressures. Despite these fears and market volatility, 96% of advisers plan no immediate changes to asset allocation after the Budget announcement. Superannuation funds have proposed extending the breach reporting period from 30 to 60 days to ASIC via ASFA. The insurance landscape within superannuation also faces challenges with only half of Super members being insured and the sector's sustainability under pressure due to legislative changes and a market dominated by three insurers. Visit financialservicesonline.com.au for further info.n