First State Super is a sponsor of today’s NSW Women of the Year Awards, as it uses this year’s International Women’s Day to reinforce its support of a number of initiatives aimed at progressing women.
Chief executive Michael Dwyer saying that the Awards “are [an] important reminder to us of the contribution of women and of the continuing need to strive for equality.”
The Awards, run by the NSW Government, would be presented later today and honour the achievements of women who have made significant contributions to their communities.
First State Super also endorsed the United Nations Women’s Network theme of “leave no woman behind,” and supported Women in Super’s Make Super Fair movement.
The Make Super Fair campaign advocates that the Federal Government should:
Dwyer said that First State Super’s support of these initiatives was important in supporting the women the fund provides superannuation and financial planning services to, which number at over 500,000.
“Currently, women retire with around half the superannuation savings of men and around 33 per cent of women retire with no super at all. While we understand how this gap starts, and widens, we also know what can be done about it,” he said.
“Advice changes lives and we see the impact that trusted financial advice, education and support can make.
“We provide superannuation and financial planning services to over 500,000 women, many of whom work in health, policing, education, emergency services and other roles caring for the community,” Dwyer said.
“These women make a significant contribution to the wellbeing of others, and to the economy, and it is our privilege to help them achieve the retirement income they deserve.”
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.