This is the final Super Review e-newsletter for 2020.
The entire Super Review team wishes our readers a Merry Christmas and a safe, happy, healthy and prosperous 2021.
Super Review will resume publishing its twice-weekly e-newsletters on Tuesday 12 January, 2021.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.