Wed, 4th Sep 2024

In this episode of Financial Services Online, host Paige Estritori discusses key issues impacting the Australian superannuation industry. AMP Limited questions the adequacy of performance tests on their financial products, stirring debate about the methodology used. In legislative updates, a draft ruling from the Australian Taxation Office could enforce compulsory super payments for subcontractors, potentially impacting the operational costs of industries like entertainment and home services. The Australian Prudential Regulation Authority accentuates on the need for stricter compliance measures for fund expenditures while also highlighting a trend towards market domination by the top five super funds. Lastly, there's a call for urgent legislation to address the "Fixing Unpaid Super" crisis affecting millions of Australians. Comprehensive analysis and dedicated coverage of superannuation remain the must-watch features on this channel. For more insights and related updates, visit their website.n