Women need 7% more superBY JAMES FERNYHOUGH | FRIDAY, 2 AUG 2013 12:30PMWomen's superannuation contribution rates would need to be 7% higher than men's in order to achieve gender equality, a study has found. Related News |
Editor's Choice
Frontier awards custody mandate for ICIO offering
Frontier Advisors has awarded a custody and administration mandate for its independent chief investment officer offering to the Australian market.
Alexander Funds names new chief executive
Alexander Funds has named a new chief executive, hiring from Australian Unity and set to take on the role September 7.
Soul Patts to pocket $1.89bn from Brickworks divestment
Washington H. Soul Pattinson & Co is set to receive $1.89 billion after agreeing to divest its stake in Brickworks' industrial joint venture property trusts to Goodman Group, freeing up capital for future investment opportunities.
ASIC expands list of super lead generation entities
ASIC has names 19 additional entities involved in superannuation lead generation activities as part of an ongoing review into business models that may encourage consumers to switch super funds unnecessarily or inappropriately.
Products
Featured Profile

Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.







The real issue here still seems to be one of equal pay for equal work. Its ridiculous in this day and age that women are still paid less for doing the same job. This needs to be fixed yesterday, as it is a very real form of discrimination. The rest though is really about choices. Hard choices to be sure, and I don't trivialise them. But choices rarely come without cost, and reduced superannuation saving after taking 5 years off work, would be one of them.
As for whether women should try to make up the gap by adjusting for higher risk investment strategies - that is a very slippery slope, fraught with uncertainty, and possibly inappropriate in many circumstances. Whether it spans the social equity gap depends on whether the assumptions you've made while constructing models in the safety of theoretical ruminations hold true.
Alternatively, women could insist that during their maternity leave, their partner's superannuation is equally split between the couple's funds.