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Rainmaker Information
Australian women, despite making up 50% of Australia’s population, own roughly 40% of all superannuation funds under management (FUM), equal to $1.2 trillion.
Rainmaker Information analysis released in the latest Superannuation Benchmarking Report recognised this imbalance.
Superannuation’s gender inequality is present at all stages of a woman’s working life.
Women make up 50% of millennial superannuation accounts, yet their account balances represent only 43% of the age group’s respective FUM.
Women make up 53% of retirees yet own just 44% of retiree superannuation FUM.
“Women own four in every $10 of Australia’s superannuation wealth,” said Alex Dunnin, executive director of research and compliance at Rainmaker Information. ....

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