In this episode of Financial Services Online's Daily News Wrap, we discuss the Super Members Council's proposal for digital innovation to reduce delayed death benefit processing and improve public trust. The proposal includes nationwide digital verification and a unified cause of death data system. Penalties have been enforced on Sky Money Pty Ltd and Smart Financial Capital Pty Ltd by the Australian Securities and Investments Commission for non-compliant financial advisory. Industry Fund Services made considerable progress in recouping unpaid superannuation, with over $226 million recovered last year. We briefly discuss the slight rise in unemployment and unchanged cash rate. Stay updated at financialservicesonline.com.au.n
