POWERED BY MOMENTUM MEDIA
Women’s outcomes left out in Retirement Income Review
The Retirement Income Review’s terms of reference needs to include women’s outcomes, Women in Super (WIS) believes.
WIS chair, Cate Wood, said the report needed to look at how policy settings along with the structural, economic, social, and demographic drivers were leaving increasing numbers of women without economic security in retirement.
“There is a crisis in women’s retirement happening all around us,” Wood said. “Single retired women are the fastest-growing group of people becoming homeless in this country.
“The rate of poverty for retired women also continues to increase, which is unsurprising given women retire on average with just over half the superannuation savings of men.”
The terms of reference were published last month by Treasurer Josh Frydenberg and cover how the retirement income system supports retired Australians, the role of each pillar in supporting Australians, distributional impacts across the population and the impact of current policy settings on public finance.
Recommended for you
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment