Women, Super and Wealth Summit
The Women, Super and Wealth Summit presented by the SMSF Association and FSC and proudly sponsored by the Commonwealth Bank will address a critical issue facing Australia – the fact that women are retiring with superannuation balances 46.6% lower than men.(1)
The Summit will bring together the expertise of thought leaders from the superannuation and wealth management industries to address this important issue facing Australia with real world solutions.
|10:00am||The opening address will set the scene for the day as it lays out the significant aims and objectives for the Summit.||Sally Loane, Chief Executive Officer, Financial Services Council|
|10:15am||A special key note address.||Annabel Spring, Group Executive, Wealth Management, Commonwealth Bank of Australia|
|10:30am||What are the causes of the gender gap in Superannuation?|
The first session of the Summit will be conducted in panel discussion with speakers presenting their sharp and engaging views on the causes of the gender gap in superannuation. This session will discuss:
• Volatile income streams and the effect of women’s broken work patterns
• Legislative barriers in superannuation
• Gender pay gap and the cultural barriers associated
• The need for better financial literacy and financial advice
• Improvement in confidence and decision making arising from the SMSF Association and Commonwealth Bank research
These key themes will set up the day to seek real world reform options that can close the gender gap in superannuation and deliver better retirement and wealth outcomes for women.
|Sandra Buckley, Executive Officer, Women in Super, Mark Burgess, Managing Director, Emerging Policy Advisory, Martin Fahy, CEO, The Association of Superannuation Funds Australia and Libby Lyons, Director, Workplace Gender Equality Agency
Facilitator: Diane Smith-Gander, Non-Executive Director
|11:45am||Engaging with women - what we need to teach our daughters|
This panel session will address and focus on three key areas that can assist in improving women’s retirement and wealth outcomes:
• Enhanced financial literacy and confidence in financial decision making.
• The need for tailored financial advice and how it can meet women’s needs.
• How we raise females and approach cultural barriers to stimulate control and confidence in women.
|Craig Dunn, Non-executive Director, Telstra, Justine Lind, Head K-6, Oxley College, Sally Loane, Chief Executive Officer, Financial Services Council and Sam Mostyn, Deputy Chair, Diversity Council of Australia
Facilitator: Linda Elkins, Executive General Manager, Colonial First State
|1:30pm||Champion of Change|
Throughout the day there will also be three special addresses from business leaders championing this very important issue facing Australians.
|Holly Ransom, CEO, Emergent|
|1:45pm||Solutions for real reform|
Superannuation and wealth management policy leaders will discuss the changes to superannuation and other laws that may be required to bring about improved retirement. This will be a key session in shaping a message to government and policy makers to addressing the gender gap in superannuation for the future.
|Senator Jenny McAllister, Senator for New South Wales, Australian Labor Party, Michael Rice, Chief Executive Officer, Rice Warner, Helen Rowell, Deputy Chairman, Australian Prudential Regulation Authority and Andrea Slattery, Managing Director/CEO, SMSF Association
Facilitator: Robin Bowerman, Head of Market Strategy and Communications, Vanguard Investments Australia
|2:35pm||Special Address||The Hon. Kelly O'Dwyer, Minister for Revenue and Financial Services, Australian Government (video message)|
|2:50pm||Pathways to wealth and secure retirement |
The Summit’s final session will consist of interviews with thought leaders who are affecting real change with innovative initiatives and strategies in wealth management, superannuation and workplace practices that help women build wealth and increase their superannuation balances.
|Craig Banning, CEO, Navwealth Group, Nikki Bentley, Partner, Henry Davis York, Kate Carnell, Australian Small Business and Family Enterprise Ombudsman and Senator Katy Gallagher, Shadow Minister for Revenue and Financial Services, Australian Labor Party.
Facilitator: Diane Smith-Gander, Non-Executive Director
|3:45pm||The closing address will reiterate the issues discussed throughout the day’s sessions, canvass the options for reforms and changes that have been suggested to deliver a strong and concise message on the way forward to improve retirement and wealth outcomes for all Australian women.||Andrea Slattery, Managing Director/CEO, SMSF Association|
For women, bridging the gap to retirement with dignity and security is a significant issue. However, one we have the power to change. This event will bring champions of change together to seek real world reforms to achieve equality.
I am determined to help women understand super and wealth-building better than previous generations did. Young women must engage with their financial futures from the very first pay slip they receive. This summit will set objectives towards this goal.
Chief Executive Officer
Financial Services Council
Providing women with more information and better advice improves their financial resilience and wellbeing, and that of their families, businesses and communities. This event will outline and demonstrate the critical role we can play to engage and empower women, and drive positive change through education, innovation, and good business practice.