AustralianSuper

This year's UN Women Australia International Women's Day theme is 'March Forward: For ALL Women and Girls', and it calls for action that can unlock equal rights, power and opportunities for all by empowering the next generation. AustralianSuper is committed to helping the next generation close the gap, in particular the super gap, and navigate the challenges that come with financial security. Our research shows that 53% of men are confident they will live well in retirement compared to just 39% of women*. Education Manager Kim Heironymus says “One of the best ways to increase confidence about super and retirement is to take action and gain an understanding through education & learning. Feedback from many of our members that have attended one of our seminars or webinars is that they feel more confident and in control about their superannuation and retirement plan. It’s never too late to take control and engage with your super”. Register for one of our upcoming Women and Super webinars (March 6, 7, 11 and 12) to learn about setting financial goals, first home super saver scheme and tips to help grow your super. For more details and to register, head to https://ausup.me/41FviSI #IWD2025 #MarchForward *AustralianSuper Retirement Confidence Study, May 2024.

Champions of Change Coalition welcomes today’s release of 𝗻𝗲𝘄 𝗴𝗲𝗻𝗱𝗲𝗿 𝗽𝗮𝘆 𝗴𝗮𝗽 𝗱𝗮𝘁𝗮 by the Workplace Gender Equality Agency (WGEA). Our 𝟮𝟬𝟮𝟰 𝗜𝗺𝗽𝗮𝗰𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 has now been updated to include gender pay gap data from our private sector Members*, offering insights into progress made and focus areas for accelerating change: 🔸𝗚𝗲𝗻𝗱𝗲𝗿 𝗽𝗮𝘆 𝗴𝗮𝗽𝘀 𝗲𝘅𝗶𝘀𝘁 𝗮𝗰𝗿𝗼𝘀𝘀 𝗮𝗹𝗺𝗼𝘀𝘁 𝗮𝗹𝗹 𝗠𝗲𝗺𝗯𝗲𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻𝘀, with pay gaps in favour of men reflected in both average and median base salary and total remuneration. 🔸Direct year-on-year comparisons of progress are not possible due to changes in the scope of WGEA’s reporting for this year, in particular the inclusion of CEO data for the first time. Despite scope changes, 𝟲𝟰% 𝗼𝗳 𝗠𝗲𝗺𝗯𝗲𝗿𝘀 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗺𝗲𝗱𝗶𝗮𝗻 𝗯𝗮𝘀𝗲 𝘀𝗮𝗹𝗮𝗿𝘆 𝗴𝗲𝗻𝗱𝗲𝗿 𝗽𝗮𝘆 𝗴𝗮𝗽 𝗮𝗻𝗱 𝟱𝟱% 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗺𝗲𝗱𝗶𝗮𝗻 𝘁𝗼𝘁𝗮𝗹 𝗿𝗲𝗺𝘂𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗴𝗲𝗻𝗱𝗲𝗿 𝗽𝗮𝘆 𝗴𝗮𝗽. 🔸The inclusion of average gender pay gap data in this year’s dataset reinforces patterns of disparity and the challenges of historically gendered occupations:  • Higher average gender pay gaps than median pay gaps in organisations point to concentrations of men in top-paying roles. • By contrast, higher median gender pay gaps than average gender pay gaps in organisations point to women’s overrepresentation in lower-paying roles. • Member organisations with gender balanced workforces (40-60% women) still report pay gaps, highlighting that increasing women’s representation at all levels as well as across key roles is critical for closing gender pay gaps. 🔸Total remuneration pay gaps are consistently higher than base salary pay gaps pointing to 𝗺𝗲𝗻’𝘀 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗯𝗼𝗻𝘂𝘀𝗲𝘀, 𝗼𝘃𝗲𝗿𝘁𝗶𝗺𝗲, 𝗮𝗻𝗱 𝗮𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲𝘀, often driven by historical expectations that see women undertaking the lion’s share of 𝘂𝗻𝗽𝗮𝗶𝗱 𝗰𝗮𝗿𝗶𝗻𝗴 𝗮𝗻𝗱 𝗵𝗼𝘂𝘀𝗲𝗵𝗼𝗹𝗱 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀, which can limit access to discretionary pay opportunities.  ⏩Champions of Change Coalition welcomes gender pay gap transparency as it helps identify what’s working and where further action is needed. It also reinforces that sustainable progress requires national and 𝘀𝗲𝗰𝘁𝗼𝗿-𝘄𝗶𝗱𝗲 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻, 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝗮𝗻𝗱 𝗮𝗰𝘁𝗶𝗼𝗻. * Members refers to eligible private sector Members who reported to WGEA in 2023-24 and shared their data with the Coalition. 🔗Explore our latest gender pay gap data and resources here: https://lnkd.in/gJHPC4fy #GenderPayGap #GenderEquality #Leadership #ChampionsOfChangeCoalition #LinkedInNews

Life’s journey is rarely straightforward, and for many women, the path to financial security comes with unique challenges. At AustralianSuper, we’re committed to helping women navigate these milestones and take charge of their superannuation. This International Women’s Day, AustralianSuper encourages you to join an 'Accelerate action' webinar where we’ll explore Kate’s story and uncover actionable tips to help you better understand and grow your super. Register now and be part of this important conversation: https://ausup.me/3F6G6Aw Read the PDS and TMD at https://ausup.me/4igPQXh

AustralianSuper Chief Executive Paul Schroder, Chief Investment Officer Mark Delaney and Head of Americas Mikaël Limpalaër have joined a delegation to the inaugural Australian Superannuation Investment Summit in Washington DC and New York. Over the next four days, Australian superannuation leaders will meet with policymakers and leading figures from the investment community to identify opportunities for cooperation and growth.    ‘The US presents a great opportunity to deliver strong investment returns for Australians in retirement,’ Paul said. ‘AustralianSuper has more than US$80 billion already invested in the US. Its diverse and sophisticated economy presents an unparalleled opportunity to help more Australians achieve their best financial position in retirement.’     The landmark Summit will showcase Australia’s investment capital and strengthen connections between the US and Australia.      #AustralianSuperannuationInvestmentSummit

AustralianSuper Chief Member Officer Rose Kerlin and colleagues attended the First Nations Super Summit on the land of the Cammeraygal people of the Eora Nation, in North Sydney last week. The Summit unites community and industry to address the long-standing barriers that prevent Aboriginal and Torres Strait Islander people from accessing and managing their superannuation. Understanding the unique needs of First Nations members helps us to provide a more efficient and effective service. See resources for First Nations members and Financial Counsellors at https://ausup.me/4ib7s6Y Pictured: Eddie Buli, First Nations Foundation (second from left) with AustralianSuper colleagues (L to R) Jenny McCann, Debra Mansfield, Rose Kerlin and Simon Georges. Read the PDS and TMD at https://ausup.me/3EUfy5y

AustralianSuper Chief Executive Paul Schroder met with BlackRock Founder, Chair and CEO Larry Fink at AustralianSuper's offices in Melbourne this week. The pair discussed Australia's retirement system and the global investment landscape. “Larry and I continued our discussion this week about why Australia’s retirement system is the best in the world. In just 40 years, Australians have created the fourth largest pool of retirement savings in the world, despite having the 56th largest population*. This $4 trillion is securing people's retirements, reducing government pension costs and strengthening Australia's influence globally. As Australia’s largest superannuation fund^, AustralianSuper is working on behalf of millions of Australians, investing their pooled capital around the globe to give them more money in retirement.” – Paul Schroder * Organisation for Economic Cooperation and Development (OECD), Pensions at a Glance 2023: OECD and G20 Indicators, OECD Publishing, Paris, p222, (https://ausup.me/3QrUMNf), and World Development Indicators database, World Bank, 1 July 2023. ^APRA Quarterly Superannuation Fund Level Statistics September 2024, released 12 December 2024. Read the PDS and TMD at https://ausup.me/4i45FAm

Ever wondered how you can support the women in your life through superannuation? In light of International Women’s Day we’re running a series of webinars in March with actionable tips and tricks women can use to help accelerate their financial future. Register now https://ausup.me/3X2Yh0o

Applications for AustralianSuper’s 2025 Graduate and Intern programs in New York and London are now open. At AustralianSuper, our purpose is to help Australians achieve their best financial position in retirement. Just as we are dedicated to helping members realise their potential, we are equally committed to supporting colleagues in achieving theirs. Join our programs to embark on a career with purpose, develop lifelong skills, and contribute to positively shaping the future of Australians. To learn more about these opportunities and apply, visit https://ausup.me/414Bbr4 Applications close 10:00pm (GMT) Sunday 23 February for London programs and 5:00pm (EST) Sunday 23 February for New York programs. #ProgressPoweredByPurpose #AustralianSuperLife

Make this Valentine’s Day about more than flowers and chocolate and discuss superannuation with your partner! New research commissioned by AustralianSuper reveals that while 82% of loved-up Australians believe discussing super with their partner is key to a healthy relationship, it’s often overlooked. 60% discuss day-to-day finances with their partner at least once a month, however only 27% say they talk about superannuation as regularly, and 6% admit they’ve never broached the subject at all. It might not sound romantic, but taking steps to build a secure financial future together is a powerful way to show you care. Here are a few conversation starters: 🔸 What super fund are you with? 🔸 Do you have any beneficiaries nominated? 🔸 Should we consider spousal contributions? 🔸 What shared long-term goals can our super contribute to? To find out more about discussing super with your partner, visit https://ausup.me/3QiAply #Superannuation #ValentinesDay #LongTermGoals Read the PDS and TMD at https://ausup.me/4gO7NLW

Our Retirement Confidence Study of more than 5,000 Australians revealed the impact of effective planning and money management on retirement confidence. It can help to: 🔸 Start the conversation: Talk to your loved ones about your retirement goals and plans. 🔸 Set clear goals: Use tools like AustralianSuper’s calculators to visualise your goals and identify any gaps. 🔸 Ease into retirement: Consider reducing your work hours gradually or transitioning to part-time work. 🔸 Budget with care: Create and stick to a budget, pay down debts and save where you can. 🔸 Get professional advice: Get expert guidance to make informed decisions. Learn more: https://ausup.me/3EAn3hR