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.
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.
The Third Women in Super ‘Super Summit’ concluded on Monday. Over three days we had six sessions that provided a wealth of insights contributed by a wide range of expert contributors on the topic of how we improve retirement outcomes for women. With one third of women retiring into poverty and women retiring on average with 40% less super than men, many of the themes and insights were not new and there have been no positive changes since the last two Summits that address the structural inequalities within the super, social and economic systems that lead to poorer retirement outcomes for women.
Accessing superannuation early should be a last resort for women experiencing financial hardship, according to one of Victoria’s leading family violence legal services.
Women’s Legal Service Victoria warns that women need to act cautiously when deciding whether to take advantage of the Federal Government’s new COVID-19 package that allows the early release of super up to $20,000.
The Retirement Income Review Panel has been tasked with establishing a “fact base” of the current retirement income system, focusing on three pillars: the government age pension, compulsory superannuation, and voluntary savings including home ownership. Women in Super has prepared a submission in response to the Review, asking the Panel to utilise a gender lens, when considering the current system, because women, by nature, live, work and retire differently than men do, and these differences need to be considered in order to ensure the system in more equitable in the future.
This month, with her return to the world of tennis and reaching the Wimbledon final after having her daughter ten months ago, Serena Williams and her husband Alexis Ohanian have pushed the issue of paid parental leave into the global spotlight – a topic that is tightly knitted to Women in Super’s Make Super Fair Campaign.
In recent years, more women than men have been entering the Australian workforce. This is something that we should celebrate – enabling women who want to work, to work. So, how are we fairing with respect to increasing the ability of women to participate in the labour force? Are we making this a reality for women with the correct policies in place to support them or do we still have some way to go?
Last week we re-visited the Domestic Violence Charter for Employers at our second HR Forum which gave the HR professionals in the room a chance to discuss the implementation of the Charter within their fund and any issues that they may have seen. We also heard from Emily Maguire, CEO of the Domestic Violence Resource Centre of Victoria, on how the disclosure of family violence should be handled and the types of training and resources that are available. Emmeline McIllree who is in the People, Partnership and Culture team at PwC also spoke at the Forum on corporate culture and the challenges one can face when implementing change.
If you’ve heard about the gender pay gap, chances are you’ve also heard there’s a superannuation gap between men and women.
But with a staggering superannuation gap of 47 per cent, many are left asking ‘why’?
It was WIS NSW’s pleasure to host the The Hon Gladys Berejiklian MP, Premier of New South Wales over a lunch conversation with over 300 industry guests.