With the 2022 Federal election looming, we – like everyone else - are watching closely to see which party will form government after May 21.
While neither major party have taken any superannuation issues to this election, WIS has always had the view that women’s retirement adequacy cannot be fixed by any one (or even two) policies, and instead sits in a much broader space of women’s economic security.
The key election issue of free or affordable childcare, which has been modelled to boost women’s workforce participation to the tune of $27 billion back into the economy ($8 billion more than it will cost to implement) will undoubtedly have a positive impact on women’s super balances, as will addressing the gender pay gap that persists in every single industry.
After a couple of years in which physical isolation became the norm for many Australian women, Women in Super’s 2022 Mavis Robertson International Women’s Day lunch provided a welcome reminder of the power generated when women work together.
In fact, women supporting each other is a stronger driver of change than almost anything else, according to Suzi Chinnery of CARE Australia, who launched the aid agency’s Her Circle campaign at the Melbourne Mavis Robertson International Women’s Day lunch.
“Women together are stronger and women supporting women is a fact of life globally,” she said.
We were saddened to hear of the passing of Helen Hewett, AM, founding member of Women in Super. We were lucky to hear Helen speak at our 25th Anniversary in 2019, where she reminded us of the history of Women in Super.
In 1993, at the 1993 CMSF Conference, where there was only a handful of women delegates. At the dinner, most of them congregated on one table. They were mostly dressed in black or dark colours and they blended into the crowd of dark-suited males. That night, two things were decided: 1. that they would never again wear dark colours to such a function, and 2. that they would have breakfast together the following morning. They arranged for some of the breakfast buffet to be served in another room, and this became the first ‘women’s breakfast’.
Women in Super has welcomed the passage of legislation to abolish the $450 monthly income threshold for compulsory super payments in the Parliament late yesterday.
The threshold meant that the 300,000 workers earning under $450 a month – the majority of whom are women – were the only income taxpayers in the country to not have super paid on their wages.
Many Australians have a number of income sources that individually fall under the $450 per month threshold, meaning that although their total income is above the threshold, they weren’t getting any super.
Women have been hard hit by the COVID pandemic, but the economic recovery has focused on men in hard hats, the Women in Super 2021 National Road Show heard in October. Over three sessions, we discussed a gender equal recovery from COVID-19, how the unequal division of work and care affects workers, particularly those in low-paid workforces, and the importance of paying super on parental leave.
Only a few years into Felicia Trewin’s career, she chose to leave technology behind as she felt too different. Today, she's AustralianSuper's Group Executive for Technology Services and Chief Information Officer. She shared how she did it at Women in Super and J.P. Morgan's latest Women in Leadership event.
The path to leadership requires putting yourself forward for new opportunities, according to Nicole Kennedy, who spoke at J.P. Morgan and Women in Super's latest Women in Leadership event.
A passion for the industry helped Nicole Kennedy overcome self-doubts and a perceived lack of experience on her journey to becoming a leader in Australia's $3.3 trillion super sector.
It was a lesson she learned early in her career, while working in a super fund call centre, before she eyed a pension and switch specialist role.
Women remain underrepresented in senior leadership despite outnumbering their male counterparts at graduate level. Thea Blyth looks at her career journey so far and the strategies that have helped her succeed and grow.
Changing career paths and moving countries can be challenging at the best of times, let alone as a pandemic sends the world into lockdown. But that's the situation Thea Blyth found herself in after travelling from London to Sydney in early-2020 to take up a new role in the Platform Sales team within Securities Services at J.P. Morgan. "I still have clients that I haven't met in person, which has felt strange," she says. "But I know it's not unique to me and everyone's going through it."
Your Future, Your Super has been touted to make the superannuation system better for members, but at what cost? Active Super’s Head of Legal and Compliance, Natalie Kalouche, lead a panel this week, to discuss the recent regulatory reforms and the practical consequences they will have on funds, and ESG issues. Joining her on the panel was Linda Elkins, Partner, KPMG, Michael Mathieson, Senior Regulatory Counsel, Allens and Moya Yip, Head of Responsible Investment, Active Super. The panel discussed the challenges facing superannuation funds of all sizes, covering off on key topics such as best financial duty, performance testing and the importance of documentation and metrication.
With NAIDOC Week 2021 wrapping up last weekend and Women in Super’s NAIDOC event a huge hit, I wanted to take the opportunity to thank our members for their participation, thank Lyn Melcer and Graeme Marrinan from QSuper for their deep insights in our online event and share some personal reflections about NAIDOC week.