FEAR & GREED | Business News Interview: The shocking reality of the gender gap in super
Jun 10, 2025
Kiran Bhullar, a Private Client Adviser at UniSuper, sheds light on the alarming gender gap in superannuation, revealing that women often retire with significantly less than men due to factors like pay disparities and career breaks. She discusses vital strategies to bridge this gap, including the need for policy changes and enhancing financial literacy. Kiran emphasizes that collaboration within households is crucial for better financial planning, aiming to empower women and improve their retirement outcomes.
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Lifetime Impact of Super Gap
- Women retire with about a quarter less superannuation than men, impacting their retirement comfort.
- Career breaks, pay gaps, and lower-paying jobs compound this gap over a lifetime.
Super Gap Narrowing Slowly
- The superannuation gap has reduced from 47% in 2015 to a smaller margin now.
- Women are breaking leadership barriers but the super gap persists significantly.
Parental Leave Reforms Needed
- Employers and governments should modernize paid parental leave and include superannuation on it.
- Partners must share caregiving to reduce women's career and superannuation impacts.