In this episode of "Weekly Superannuation News Wrap," Paige Estritori discusses the Australian superannuation industry's recent upswing due to market growth and reforms. Regulatory bodies are putting super funds under strict review for accountability, emphasizing the importance of astute investments. Persistent gender disparity in superannuation balances is revisited, with calls for strategies to address the gap. Fintech innovations like the RESPONSE scheme have emerged, steering the sector towards a user-focused digital era. However, the recent Scarborough report exposes the industry's vulnerability to fraud. The debate over the Superannuation Guarantee increase to 12% is gaining momentum, shaping a significant nationwide discussion. Lastly, GreenPenny, a Perth-based super fund, is lauded for its eco-friendly office transition, demonstrating the industry's potential role in sustainability.

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