Safeguarding your future: Women and Financial Planning Melinda - - PowerPoint PPT Presentation

1

Safeguarding your future: Women and Financial Planning

Melinda Howes General Manager, Superannuation, BT Financial Group

2

$270,710 $157,050

Source: AFSA; average superannuation balance in 2015-16; retirement age assumed to be 60-64.

The average Australian superannuation balance at time of retirement for women is 42% less than for men

Women are still retiring with substantially less than their male counterparts

3

• 8 out of 10 women don’t

“feel satisfied” with how they are tracking for their financial future

The majority of women acknowledge Superannuation is critical to secure their financial future, yet…

• Only 2 out of 10 women

say they are on track in terms of preparing for their financial future

Source: BT research – 2018 BT Financial Health Index – Australian survey

• 51 per cent of women

believe they won’t have enough for retirement

4

1. Start early 2. Budgeting, budgeting, budgeting 3. Goals based approach 4. Plan for the unexpected

To close the gap and fund your future lifestyle

5

Empowering women to take control Wellbeing Diversity and supporting women

Empowering women to take control of their financial futures

• Understanding the critical

link between financial wellbeing and other aspects of wellbeing

Empowerment

• Better engagement with
• ur 1m members,

including women

• Easy tools and insights to

help women take control of their investments and plan for their financial futures

Wealth Review digital tool