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Intergenerational Report overlooks women – AIST
The Australian Institute of Superannuation Trustees (AIST) has accused the Federal Treasurer, Peter Costello, of ignoring women and their unmet superannuation needs in his launch of the second Intergenerational Report.
AIST chief executive Fiona Reynolds said the Intergenerational Report showed the Government had not considered compensating women for their lifetime of lower earnings and lower retirement savings.
“The current superannuation regime does not offer women the same level of security as it does men, which has implications for women’s standards of living in retirement by comparison to men,” she said.
Reynolds called on the Government to intervene to correct the matter through the use of fairer policies.
“Mr Costello again urges Australian women to have more babies to rectify the future Budget deficits, but he has no plans to help the generations of women who have missed out on the full benefits of compulsory super savings,” she said.
AUTHOR
Mike Taylor
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