Wed, 6th May 2026

This week's 'Weekly Superannuation News Wrap' discusses key developments in Australia's superannuation industry, including the Federal Government's decision to ease COVID-19 restrictions, allowing distressed Australians to withdraw an additional $10,000 from their superannuation funds penalty-free. The Australian Prudential Regulation Authority reports continued growth in the industry, with total assets now exceeding 3 trillion AUD. From July 1st, new 'Staple Super' regulations will ensure a worker's super account follows them when changing jobs, reducing duplication and unnecessary fees. The recent Retirement Income Review highlights the need for improved utilization of superannuation in retirement, urging policies aimed at making super balances work harder and last longer. The surge in sustainable investing within the super fund industry is also covered, with many funds pledging to achieve net zero emissions by 2050.n