Super planners not reaching highest pay bracket

13 August 2015

| By Staff |

Financial planners from superannuation funds are overall paid higher than their retail bank colleagues but are not receiving salaries in the highest bracket, according to the results of a salary survey by Super Review's sister publication Money Management.

The survey found seven per cent of retail bank planners said they were earning $220,000 to $249,000, whereas no super fund planners had salaries in that bracket.

However, 34 per cent of super fund planners earned less than $110,000, while 74 per cent of their peers in retail banks reported salaries below that mark.

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Superannuation funds were found on top at the higher end of the pay scale with 28 per cent earning over $150,000, compared with 15 per cent of retail bank planners.

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