Bloomberg Equality: Gender Gap in Australia's Superannuation Funds

The video discusses the challenges women face in superannuation due to gender pay gaps and non-linear careers. Fairline offers innovative solutions like fee waivers and partnerships with brands to help women save more. The policy environment is evolving, but industry transparency and engagement remain issues. The gender pay gap starts early in careers, affecting long-term savings. Fairline's fund has gained interest for its supportive tools.

What is one of the main reasons women retire with less superannuation compared to men?

• Higher spending habits

• Higher taxes on women's income

• Non-linear career paths

• Lack of interest in saving

How does Fairline support women during maternity leave?

• By providing free childcare

• By waiving fees

• By offering higher interest rates

• By increasing their super contributions

What is one of the innovative tools Fairline offers to help women save more?

• Free financial advice

• Partnerships with brands for savings

• Higher interest rates on savings

• Tax deductions

What is a significant challenge in the superannuation industry according to the transcript?

• Excessive competition

• Lack of transparency

• Over-regulation

• High interest rates

What is a broader issue in the superannuation industry that affects women's savings?

• Super not being paid for low earners

• Excessive government intervention

• High fees for all members

• Lack of competition

At what stage do financial imbalances between men and women begin?

• After marriage

• Upon entering employment

• During retirement

• In early childhood

How does Fairline's approach differ from traditional superannuation funds?

• It focuses on voluntary contributions

• It offers tools without lifestyle changes

• It charges higher fees

• It requires lifestyle changes