MEDIA RELEASE “Rice Warner welcomes ANZ move to close gender retirement savings gap”
- On 29/07/2015
Rice Warner today congratulates ANZ Bank on its Women’s Initiative package designed to offer female employees additional employer superannuation contributions.
“ANZ Bank Chairman David Gonski and CEO Michael Smith are to be acknowledged for leading the first of Australia’s large corporates to introduce positive measures for female employees,” said Rice Warner CEO Michael Rice.
“It raises the bar for others to follow, and introduces similar measures pioneered by our firm in 2013. We are all very pleased to see a major Australian institution, with some 13,000 female employees, lead out on this very important issue.”
Melissa Fuller, Deputy CEO said the mood at the launch of the ANZ initiative in Sydney today was incredibly positive and a signpost to the future.
“ANZ has done the right thing on behalf of its female employees and all Australians today. Rice Warner carved the way for others in our work in this area and we look forward to seeing other employers adopt this initiative to help redress the significant financial wellbeing challenges faced by all Australian women in retirement.”
The Rice Warner “Valuing Females” Initiative
On 1 July 2013 Rice Warner delivered a first for an Australian business, offering its female employees a package of benefits designed to bring their expected retirement savings outcomes into line with those of male counterparts.
It means Rice Warner’s female employees are provided with a package of benefits – including flexible working conditions, generous paid parental leave, superannuation payments and long service leave accrued during parental leave, access to an educational program – and an additional superannuation payment of 2% of salary.
Rice Warner Deputy CEO, Melissa Fuller led the firm’s research into the retirement savings gap for females, with her investigations sparking a mission to uncover a practical solution suitable for Rice Warner, in respect of its own female staff.
For more information, please contact:
Deputy CEO
P: 02 9293 3720
E: Melissa.fuller@www.ricewarner.com
