In its recent report “The Voice of Super”, the Association of Superannuation Funds (ASFA) reported that
- in 2004 women had superannuation balances less than 50% of those of men and estimates that
- in 2006, average superannuation retirement payouts for women were 35% of those of men
These are alarming statistics, and frankly, we believe that it’s not good enough for any party to continue to blame this shameful situation is a result of the differing work patterns of males and females and the resulting income disparities.
We already know what causes it – our point is that something needs to be done about it!
We’ve formally written to all four major parties (Coalition, Labor, Democrats and Greens), to find out what their strategies are to redress the balance and end this indirect discrimination against Australian women.
We’ll keep you posted as responses are received.