Fund Company Update

Super Fierce launches advice platform to close the gender wealth gap

Australian fintech company Super Fierce has launched a new wealth platform to help close the gender wealth gap. The platform is starting off on superannuation, with the goal to save women $100 million in lifetime superannuation fees by July 2022. The superannuation retirement gap is wide, ranging from 37-67 per cent in studies, which doesn’t include those who do not have any superannuation at all - mostly women, in particular mothers. Currently, it is estimated that women retire with on average 50 per cent less than men.