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Katherine Kasper elected as member director of PAS
Professional Associations Super members have elected Katherine Kasper as a member representative, maintaining the board's female representation at two out of six.
Kasper has more than 10 years industry experience as a trust lawyer in the commercial sector, and replaces Marian Bolton, who was a director on the board for 17 years.
With 60 per cent of the fund's membership female, it is desirable to maintain that female representation on the board, said PAS Super chief executive Megan Bolton.
A female presence at the executive and board level assists in lobbying efforts to address the superannuation gap that exists between males and females in Australia, she said.
Females make up five of the eight senior executive roles within the fund, with the chief operating officer, company secretary, compliance manager and HR manager female, she said.
"Sixty per cent of our members are females, and the majority of them work part time. Inadequacy of retirement savings is an important issue for them, with recent research finding that females are less confident in making financial decisions around saving for retirement, and building wealth outside of their superannuation fund," Bolton said.
"With more females in management and board roles, we are better equipped to understand the challenges Australian females face in the lead-up to retirement and [we're] able to deliver products and services that are more engaging and relevant."
Bolton said this was part of a long-term focus of dealing with this issue and working with the industry and government to drive change.
PAS has recently been active in launching different kinds of campaigns to get all of its members interested in their money, including transition to retirement campaigns, and it also gives all members a service call once a year and calls all new members as they join, Bolton said.
AUTHOR
Mike Taylor
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