The Federal Government has signalled a targeted initiative – an economic security statement – aimed at women to be launched in September this year which is likely to have superannuation implications.
The so-called economic security statement has been flagged by the Minister for Revenue and Financial Services, Kelly O’Dwyer who framed it against the background of women having substantially lower superannuation balances than men.
The minister indicated that tonight’s Budget was likely to “build the steps” around the September economic security statement.
O’Dwyer acknowledged that the statement would touch on issues including the pay and superannuation gaps endured by women and the fact that their median superannuation balance was around 42 per cent less than men.
“So all the things that we can do to be able to help women to be able to save for their retirement - because women, happily for all those women out there, live a lot longer than men - all that we can do to actually help them to be
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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