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Yesterday we spent the entire day dedicated to talking about Superannuation and Wealth Management – its challenges, the opportunities, and most of all why this is such an important sector to our Australian economy and society. After all, everyone is in this game for the same reason: to help Australians retire with the maximum possible savings for their future, so they can live their best lives and retire with financial dignity. And whilst that sounds straightforward, it isn’t. The wealth and retirement game is complex, and will continue to be.
During the last two years, the pandemic has significantly impacted my personal life and made me reassess what's important to me, my lifestyle and my financial goals. And I know I’m not alone. We heard at the Summit that the biggest financial decisions Australians will ever make is about their home; and the second biggest is about their Superannuation. So that begs the question: who is involved in helping Australians make those decisions? Are the right people involved? And how can the Superannuation and Wealth Management sector become more involved so everyone benefits?
As one of the largest and best pension and funds management systems in the world, we have the responsibility to think deeply about the challenges and opportunities the sector faces. With this in mind, I’ve captured some Summit insights below:
As we move forward, our sector must focus on complexities driven by technology, innovation, sustainability, and the future of work. This is a really exciting time to work in Super and wealth as organisations continue to transform for the better. Let’s do what we can to help give Australians the financial dignity they deserve, while leading the way in building trust and investing in areas for the next generation.
Neil Brown leads our Investment Management Sector. He has over 20 years’ experience of providing Audit & Assurance services to all facets of the wealth management sector, including fund managers, superannuation funds, advisors, trustees and custodians. He has extensive experience of risk and regulatory reviews, compliance plan regimes, AFSL requirements and various APRA regulations.