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.
Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting; however, some admit the decision will be a close call.
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.