Superannuation News Wrap
In this week's "Weekly Superannuation News Wrap" by Financial Services Online, Paige Estritori discusses important updates in the Superannuation industry. Highlights include the activation of new regulatory measures aiming to improve transparency and accountability, with all Super funds now required to disclose full portfolio holdings biannually. Ongoing Canberra discussions about potentially raising the Super guarantee from 9.5% to 12% are causing industry drama. The rising popularity of Self-Managed Super Funds and the need for professional advice whilst establishing them is noted, as well as changes to the First Home Super Saver Scheme that will allow withdrawals of up to $50,000. Lastly, the AIST Virtual Conference spotlighted the global aspects of the industry, including environmental, sustainability and governance issues, and the effects of climate change on fund performance.
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