Wed, 27th Aug 2025

What this episode covers

This episode of Financial Services Online's Weekly Superannuation News Wrap with Paige Estritori covers the delay of the Division 296 legislation and concerns over its potential implications, voiced by the finance and superannuation sectors. It also discusses the Australian Government's hints towards changes in the Superannuation Performance Test, aiming for less regulatory restraint and flexible benchmarks. Disturbingly, data reveals that around sixty percent of superannuation fund members are unconsciously paying high fees with default MySuper options, emphasizing the need for fee transparency. On the tax front, Treasurer Jim Chalmers hints at potential reforms to combat intergenerational inequity and provide fair tax breaks for everyone. The episode ends with the possibility of new Retirement Income Principles proposed by the Treasury, a step towards individual outcomes and equitable solutions for all retirees.n

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