Superannuation News Wrap
In this week's superannuation news, significant changes affecting both Australian consumers and businesses were observed. The government announced an increase in the superannuation guarantee due to the growing costs of living, to help Australians secure a comfortable future. In a precedent-setting court case, a part-time worker claimed unfair treatment in her superannuation contributions, sparking the call for greater system transparency. The Australian Prudential Regulation Authority's new campaign mandates superannuation funds to be accountable for the quality of their investments, emphasising ethical investment. Shifting trends show Australian super funds turning to green investments to meet increasing demand for environmentally-friendly portfolios. Lastly, Australia's first superannuation robo-advisor was launched, potentially reshaping accessibility and the future of the sector. Visit financialservicesonline.com.au for more details.
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