Wed, 2nd Jul 2025

On this episode of Financial Services Online, Paige Estritori covers important superannuation matters. Notably, a policy reform will reduce Australia's gender superannuation gap by 25%, thanks to the Commonwealth Paid Parental Leave being payable as superannuation, potentially increasing the retirement savings of 200,000 Australian mothers annually. Conversely, regional differences remain, with Western Australia leading in the superannuation gap. The show discusses potential strategies for further reducing this disparity, such as enhancing the Low-Income Super Tax Offset. In addition, there's debate on whether self-managed super funds should pass as retail or wholesale investors. This status deeply affects their ability to lodge complaints and is determined by asset value. The Australian Financial Complaints Authority emphasizes the importance of adhering to such regulations for transparency and trust.n