Wed, 28th May 2025

This week's Superannuation news roundup includes discussions on more streamlined regulations in the industry at a landmark meeting held by the ASIC and APRA with well-known superannuation funds. There's a focus on simplifying operational challenges and enhancing accountability. HESTA, which manages $93 billion, faced backlash due to a six-week service disruption, with a new advisor portal scheduled to debut soon. Rest welcomes a new Chief Investment Officer, Michael Clancy. The wealth management sector grapples with an aging population increasingly reliant on pensions, and a deficit of advisors, prompting the need for tech-driven financial advisory. APRA is adding managed accounts to its Your Future Your Super performance test for better Super product alignment. The central takeaway is the superannuation industry's move towards tech solutions and more streamlined regulations. Tune in next week for more updates.