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.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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