POWERED BY MOMENTUM MEDIA
O’Dwyer flags women’s economic security statement
The Federal Government has signalled a targeted initiative – an economic security statement – aimed at women to be launched in September this year which is likely to have superannuation implications.
The so-called economic security statement has been flagged by the Minister for Revenue and Financial Services, Kelly O’Dwyer who framed it against the background of women having substantially lower superannuation balances than men.
The minister indicated that tonight’s Budget was likely to “build the steps” around the September economic security statement.
O’Dwyer acknowledged that the statement would touch on issues including the pay and superannuation gaps endured by women and the fact that their median superannuation balance was around 42 per cent less than men.
“So all the things that we can do to be able to help women to be able to save for their retirement - because women, happily for all those women out there, live a lot longer than men - all that we can do to actually help them to be
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
