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Superannuation peak body calls for advice reform as Aussies increasingly turn to AI over experts
Matched: Australia
Australia's superannuation peak body is calling for financial advice reform after a survey found more than a third of Australians have turned to AI chatbots for superannuation guidance. High costs are driving people away from professional advisers. The body warns this trend poses risks, as AI tools may not provide accurate or personalised financial advice, and is urging reforms to make expert advice more affordable and accessible.
Super sector to test cyber resilience in fourth annual Operation Honey Bee exercise
Matched: Australia
More than 50 participants from Australia's superannuation sector will take part in the fourth annual Operation Honey Bee exercise, simulating a major cyberattack to test coordination between funds, service providers, regulators, and government agencies.