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Super planners not reaching highest pay bracket
Financial planners from superannuation funds are overall paid higher than their retail bank colleagues but are not receiving salaries in the highest bracket, according to the results of a salary survey by Super Review's sister publication Money Management.
The survey found seven per cent of retail bank planners said they were earning $220,000 to $249,000, whereas no super fund planners had salaries in that bracket.
However, 34 per cent of super fund planners earned less than $110,000, while 74 per cent of their peers in retail banks reported salaries below that mark.
Superannuation funds were found on top at the higher end of the pay scale with 28 per cent earning over $150,000, compared with 15 per cent of retail bank planners.
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