Finance & Fury Podcast

Welcome to Finance and Fury. In this episode – want to look at the proposals for the superannuation industry overhaul – released in the latest budget – as there are some pretty big changes – In the budget – the super system is likely to be in for a shake up due to the reforms proposed But this time – unlike previous proposals – these changes are going to be affecting Industry funds/my super accounts – unlike WRAP or SMSF accounts which have been a major focus of a lot of legislation over the years Unlike the things such as Stronger Super reforms proposed by Labour – which were in favour of industry funds – these bit of legislation from what I can see are not in favour of the MySuper industry reforms previously implemented – called the Your Future, Your Super package The Australian super industry is massive - $3 trillion superannuation system and it is the fourth largest in the world –it manages the retirement savings of 16 million Australians The aims of superannuation is to help Australians fund their r