Stronger Super gets mixed reaction
The Financial Ombudsman Service will be effectively operating in the dark once the FOFA reforms are introduced, according to Argyle Lawyers principal Peter Bobbin. The claim was made as the Government finally released details of its Stronger Super legislation, which received a mixed reaction from the financial services industry. This and more in the latest online edition of Money Management.
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AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
