Episode 8 - Joe Longo’s Exits ASIC Exit, SMSF Risks, DIV296 Delays and Aged Pension Asset Test Debate

#8. Co-hosts Neil Benson and Sarah Penn discuss the latest news and events affecting Australia's superannuation sector, including:

1. Joe Longo is stepping down as chair of ASIC
2. Macquarie Investment Management offers compensation to SMSF trustees who invested in Shield through its wrap platform
3. The role of superannuation trustees in determining which investments are available to members and whether SMSF trustees should require a qualification
4. The role of the Compensation Scheme of Last Resort in compensating clients of failed advisors
5. Delays to Div296 legislation and the principal of taxing unrealised capital gains
6. IFM Investments to close their private equity unit despite its track record of successful investments in growing mid-market Australian businesses
7. Chant West, in collaboration with Bec Wilson, announces six funds have received their inaugural Epic Retirement Tick
8. Will superannuation achieve its goal of relieving the burden on taxpayers to support Aged Pensions?

RESOURCES

• IFM Investors exits Australian PE strategy | Financial Standard
• The Epic Retirement Tick - Bec Wilson
• Government considers scrapping controversial aspects of Div 296 super tax | Accounting Times
• Macquarie admits Shield failings, will pay members $321m - ifa
• ASIC chair Joe Longo to step down in 2026 — Capital Brief

CONTACT THE HOSTS

Neil Benson on LinkedIn: https://www.linkedin.com/in/neilbenson/

Sarah Penn on LinkedIn: https://www.linkedin.com/in/sarahpennau/