POWERED BY MOMENTUM MEDIA
Show us the money
Most people working in the Australian superannuation industry believe they are being adequately remunerated.
That is the bottom line to emerge from the latest IUS/Super Review Super Outlook survey, which reveals that few people are unhappy with what they are being paid.
Asked to look at the superannuation industry and its standing in the Australian financial services industry, respondents rated their level of remuneration when compared to other sectors.
Surprising many in the industry, nearly 60 per cent of respondents rated their remuneration level as being ‘excellent’ (11.6 per cent) or ‘good’ (47.3 per cent).
Perhaps even more importantly, a further 32.9 per cent of respondents rated their remuneration as being ‘adequate’, with only 8.2 per cent rating it as ‘poor’, and no one believing they were ‘very poorly’ remunerated.
AUTHOR
Mike Taylor
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The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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