POWERED BY MOMENTUM MEDIA
Super and insurance take the lead on salary hikes
Superannuation and insurance jobs attracted some of the highest salary rises in Australia last year, a survey shows. Unlike other financial services sectors, which stayed static in 2013, superannuation and insurance experienced 6 per cent year-on-year growth, according to Seek’s annual salary improvement report.
The spike, which saw the average super and insurance salary rise from $74,927 to $79,384, was matched only by the sport and recreation sector.
At the other end of the table, just 9 per cent of industries across Australia experienced no salary growth, including financial services divisions like banking.
Seek’s HR manager Rebecca Supierz said employees looking to increase their earnings in 2014 should invest in skill development.
“In the current economy, employers are seeking skilled, efficient and experienced workers who can quickly and effectively contribute to the organisation’s bottom line,” she said.
The research was based on surveys of more than 1000 working Australians.
Recommended for you
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
