NFAW is concerned about the financial security of women, and the role of superannuation in achieving that security. To that end we have made a number of submissions to previous Parliamentary and Treasury enquiries into the superannuation system and to the Senate Inquiry into the Financial Security of Women in Retirement.
The superannuation guarantee is a key pillar of the retirement system, and for many women it is the primary source of their retirement savings. Women are overrepresented among lower paid, parttime and casual employees. These are among the groups of workers most likely to be affected by the erosion of superannuation balances due to inefficiencies in the superannuation system.
We have read the most recent report, and would like to comment on some of the recommendations and issues raised in the report.