Wed, 28th Aug 2024

In this episode of Weekly Superannuation News Wrap, we overview significant happenings in the Australian superannuation sector, such as MUFG Retirement Solutions launching a cutting-edge compliance data platform from Nuj. This development enhances regulatory navigation and benefits major funds like AustralianSuper and Aware Super. We discuss the upcoming Paid Parental Leave Amendment Bill, scheduled for July 2025, projected to enhance retirees' security, with up to an added $30,000 per child, and help reduce the gender superannuation gap. We delve into ASIC's focus on managing tech risks, improving data privacy, and anti-scam initiatives within the superannuation sector. Lastly, we comment on REST reinventing their platform, condensing their investment choices from 15 to 9, rebranding their MySuper default option to 'Growth', promoting user-friendliness and transparency.nnRemember to visit our website at financialservicesonline.com.au for further information on these stories.