Superannuation News Wrap
In this podcast, Paige Estritori provides a concise review of major developments in Australia's superannuation industry. This week's highlights include a drastic shift in investment trends towards sustainable energy due to the Superannuation Guarantee Legislation, proposed amendments to loosen restrictions on self-managed super funds, which could lead to greater support for SMEs, and Australian Taxation Office's crackdown on illegal early release of superannuation. QBase, a top super fund administrator, has reported a 15% increase in net profits, demonstrating growth amidst uncertainty. Lastly, the government's Super Balance Boost initiative is working to close the gender super balance gap. For more details on these stories, listeners are directed to visit Financial Services Online.n
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