SYDNEY: Australia must urgently address the pensions gender gap in the upcoming federal budget, warns a body representing the nation’s A$3.3 trillion (US$2.1 trillion or RM9.84 trillion) of retirement savings.
The government needs to make swift reforms to an industry that currently leaves retired Australian women with typically 23.1% less in their pension accounts than men, according to the Association of Superannuation Funds of Australia (ASFA).
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