Are super funds happy boys’ clubs?

19 April 2016
| By Staff |
image
image
expand image

Only 10 per cent of financial planners from superannuation funds are female, according to Super Review's latest salary survey.

However, the survey found financial planners from retail banks were on a more even scale with 47 per cent female, and 53 per cent male.

Just over a quarter (26 per cent) of all financial planners surveyed were female, and 74 per cent male.

Super funds also seemed to favour younger employees more with 70 per cent of planners between the ages of 26 to 36, and 30 per cent between the ages of 46 and 55, and 10 per cent who were 55 to 65.

However, no respondents fell into the 18 to 25, or the 65 and over brackets.

Retail banks had 65 per cent of planners between the ages of 18 to 45, 29 per cent between 46 and 55, three per cent between 56 and 65, and three per cent who were 65 and over.

The survey also found that super fund planners were not looking for a new job, but 33 per cent of retail bank planners were.

This fell in line with 38 per cent of retail bank planners feeling valued by their current employer, and 33 per cent unsure, and 29 per cent who were feeling valued.

In contrast, 57 per cent of super fund planners felt valued by their current employer, and 29 per cent who were unsure, and 14 per cent who did not feel valued.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

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 Co...

19 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

20 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

21 hours ago