A private member’s bill to allow for the splitting of super balances between spouses was introduced to the Senate on Thursday.
With the latest print of GDP figures overshooting economist expectations, analysts have warned that the Reserve Bank of Australia (RBA) could face a difficult policy path ahead.
The peak body has called on the corporate watchdog to add superannuation to its recently announced simplification process that aims to cull red tape in financial services.
APRA has highlighted cyber security, AI oversight, geopolitical risks, and system stress testing as key concerns for superannuation and banks.
AustralianSuper CEO Paul Schroder has warned the superannuation system must be “reset” to deal with a looming wave of retirements, as millions of Australians prepare to leave the workforce over the next decade.
The financial services sector is set for significant transformation with superannuation to play a pivotal role in shaping the next frontier owing both to its large cash pool and Australia’s growing population of retirees.
Australia’s superannuation sector is set to come together this week for a major cyber security drill designed to strengthen collective resilience.
Australia’s economy is poised for a modest rebound in the June quarter driven by rising consumer spending, but some economists warn growth remains “fragile and unconvincing”.
The responsible investment body is warning that a one-size-fits-all ESG framework mirroring those in the UK and the EU could do more harm than good.
Australian super funds are monitoring the US closely as President Donald Trump increasingly intervenes in corporate policy, moves that are reverberating through global markets and prompting reassessments of portfolio risk.