Wed, 6th Nov 2024

In this week's Superannuation News Wrap, Paige Estritori discusses key industry updates. Notably, former head of Industry Super Australia, Bernie Dean has become the Chief Strategy Officer at Cbus, marking a strategic shift in the company. Regulators, specifically the Australian Taxation Office and the Australian Securities and Investments Commission have increased their oversight on revenue sources of auditors in the Self-Managed Superannuation Fund sector. Colonial First State and Viridian Advisory have launched an initiative providing tailored financial guidance for FirstChoice members which covers from superannuation to retirement planning. CareSuper and Spirit Super's merger has made CareSuper Australia's 14th largest super fund, aiming to improve services and personalised care. Finally, the Australian Prudential Regulation Authority has eased the operational risk reserve requirements for significant super funds, promising improved capital freedom.n