Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 247 results for %22Financial Sector Union%22

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... the persistent gender pay gap. According to the Workplace Gender Equality Authority, the full-time gender pay gap in financial services in Australia is 26.9% while the gap for part-time workers is around 29.5%. On International Women's Day this year ...

Women in Super names new chief executive

KARREN VERGARA  |  WEDNESDAY, 16 MAR 2022
... change." Keys added that Kowalczyk is "the ideal person to help Women in Super move forward our mission to improve the financial security of women in retirement". Kowalczyk replaces Sandra Buckley, who led Women in Super for the past eight years. Buckley ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... regime will work hand in hand with the Asia Region Funds Passport, said APIR chief executive Chris Donohoe. "The financial sector is truly global, and investors are increasingly mobile. Now that the CCIV and ARFP can work in tandem, Australian funds ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... citing "commercial and regulatory developments that impact the future sustainability of the fund" as well as the best financial interests of members. The fund is due to be terminated on March 1 with the fund to stop receiving contributions to accumulation ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
Financial Standard understands BT is preparing to announce the sale of its superannuation business, with the group confirming changes are underway. Financial Standard understands several roles were made redundant yesterday, with more expected throughout ...

Wayne Swan to chair Cbus

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... superannuation is more important than ever. "Just as superannuation played a vital role in responding to the global financial crisis, so too will it play a vital role in our pandemic recovery," Swan said. "Not only does superannuation allow working Australians ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... FSU told members. "Our employers have a critical role to play." The union has so far written to 71 employers in the financial services sector, including banks, insurers and superannuation funds. As it stands, the FSU has received just 24 responses. Of ...

NAB denies underpaying full-time workers

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... employees as part of its ongoing investigation into a payroll bungle, which to date has repaid $55 million. The Financial Sector Union has raised concerns that current and former full-time NAB employees have been underpaid, claiming that they worked ...

More super funds make climate commitments

ELIZABETH MCARTHUR  |  MONDAY, 17 MAY 2021
More financial institutions have signed up to Climate League 2030, which seeks to achieve Paris-aligned emissions reductions in Australia by 2030. TelstraSuper, ISPT, U Ethical and Teachers Mutual Bank today joined over a dozen institutional investors ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...