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The superannuation gender gap – how can we do better?

01 Mar 2018  by   Saffron Sweeney

With the ‘Global Gender Gap Report’ highlighting the continued existence of a gender pay gap in Australia, it isn’t just women’s current remuneration and lifestyles which may be impacted. Disparities in pay – along with other factors such as a higher propensity to work part-time or a pause in career to care for children or relatives – can significantly reduce the superannuation balances of women, ultimately affecting their quality of life in retirement. In this Hot Topic, we review the impact of the gender pay gap upon superannuation for women and propose strategies to address the imbalance.

Responding to the CIPR with proven alternatives

22 Feb 2018  by   Saffron Sweeney

Aon Hewitt recently made a submission to the Treasury in relation to a discussion paper for public consultation, regarding the development of the framework for Comprehensive Income Products for Retirement (CIPR). The CIPR framework seeks to address four implied problems that occur in retirement and in this Hot Topic we look deeper at those implied problems, summarise some key considerations and share our top recommendations.

Flexible work and superannuation

16 Jun 2016  by   Saffron Sweeney

Flexibility in the Australian workplace – including part-time work and broken service – is pleasingly on the increase. However, with this increasing flexibility, it is critical to look at the impact on superannuation balances and how this can impact the retirement plans of our working population. What is the true cost of flexible work and what plans can be implemented at all levels to ensure a comfortable retirement?

Women and super: Bridging the superannuation gender gap in Australia

08 Mar 2016  by   Saffron Sweeney

Did you know that women retire with almost half the amount of money in their super than men? There is no one-size-fits-all solution to this problem, but there are options which give women greater control and flexibility over their retirement future.

Change of tack for employee benefit plan discount rates could save you money

20 Jul 2015  by   Saffron Sweeney

In May 2015, Australia's auditor community accepted a change of tack in deriving discount rates when accounting for long-term employees' benefits. With the changes designed to improve the balance sheet position and P&L expense for Australian corporates, the discount rate has a number of characteristics worthy of note and has the potential to save companies some serious money.