Wed, 6th Aug 2025

In this week's Superannuation News Wrap, Paige Estritori discusses key transformations in Australia's superannuation sector, highlighting possible merger prospects between TelstraSuper and Aware Super. The merger could potentially offer diversification for Aware's retirement-focused demographic and boost services for members. Strategy adjustments aim to balance retirement savings among genders, with HESTA's model projecting that a superannuation increase to 12 percent could potentially enhance Australian women's retirement savings. In taxation, Wilson Asset Management introduces a proposed Progressive Super Surcharge that applies tax rates progressively for super balances exceeding $3 million, envisaged to raise substantial revenue and encourage fairer tax distribution. The Superannuation sector also urges changes to performance test regulations to better align with strategic infrastructure and equity investments, while prioritizing member returns and avoiding regulatory overlap.n