Money Management and Super Review will recognise and reward accomplished women in the financial services industry across 14 categories in October at its Women in Financial Services Awards.
Last year’s Woman of the Year, Suzanne Smith, said while she had seen some improvement in how women were represented and treated within the industry there was still much to do.
“While we didn’t cause the problem, it’s still our [women’s] problem to deal with,” she said.
Smith noted that seeing “someone who is just really normal and ordinary” succeed would help make young women believe that they can do the same.
“We’ve just got to start saying thank you and accepting the praise,” she said.
This year the awards will be held at the Four Seasons hotel in Sydney on 23 October.
Nominations are still open and women can nominate here until 12 September.
If female school or university students volunteer for work experience in finance, organisations have a “duty” to offer it to them, according to a senior funds management executive.
New research from Aware Super on the occasion of Equal Pay Day reveals Australia’s 13 per cent gender pay gap will equate to a $93,000 deficit in women’s super balances compared to men at retirement.
With only 25% of women currently using a financial adviser and many lacking financial confidence, they are losing thousands in superannuation.
The significant difference in women’s average superannuation account balances, compared to their male counterparts, continues to concern industry professionals.
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