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Super and insurance take the lead on salary hikes
Superannuation and insurance jobs attracted some of the highest salary rises in Australia last year, a survey shows. Unlike other financial services sectors, which stayed static in 2013, superannuation and insurance experienced 6 per cent year-on-year growth, according to Seek’s annual salary improvement report.
The spike, which saw the average super and insurance salary rise from $74,927 to $79,384, was matched only by the sport and recreation sector.
At the other end of the table, just 9 per cent of industries across Australia experienced no salary growth, including financial services divisions like banking.
Seek’s HR manager Rebecca Supierz said employees looking to increase their earnings in 2014 should invest in skill development.
“In the current economy, employers are seeking skilled, efficient and experienced workers who can quickly and effectively contribute to the organisation’s bottom line,” she said.
The research was based on surveys of more than 1000 working Australians.
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The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
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