Wed, 2nd Apr 2025

In this week's Superannuation News Wrap, host Paige Estritori discusses the latest developments in Australia's superannuation industry. Critical issues covered include the Australian Securities and Investments Commission charging AustralianSuper, one of the country's largest superannuation funds, for delays in processing death benefit claims. In other news, AustralianSuper has divested its $580 million stake in WiseTech due to governance concerns. Rest, another major superannuation fund, enjoys substantial support for proposed reforms aimed at increasing system fairness and sustainability. Emerging topics also include the impact of genetic testing on superannuation insurance, with minor financial effects expected despite rising use. Lastly, Active Super was fined $10.5 million over misleading ESG claims, highlighting market worries about 'greenwashing'.