Page 1

news

Employer

June 2015 A message from the CEO Catholic Super is strongly committed to promoting gender balance and diversity in all our workplaces. We continually seek ways to engage more women among our employees, in our management structure, in the governance of the Fund, and in the community more broadly. As a fund, we have a very high proportion of female members – three-quarters of members are women! Helping to manage the financial futures of such a large number of Australian women is a great responsibility as well as a wonderful opportunity. At Catholic Super, we take this responsibility seriously. Supporting women at every level is intrinsic to our values. For us, it not only makes good business sense to mirror our membership with higher female representation, it is also the right thing to do. Catholic Super is a strong advocate for the increased participation of women on Boards. The rationale is that greater gender diversity will lead to better decisions by Boards of Australian companies, which will enhance the value of our investments in those companies. Again, it is good business sense and the right thing. The Australian Council of Superannuation Investors (ACSI), of which Catholic Super is a foundation member, has called on companies to step up and increase the number of female Board members. We actively support this campaign, and share in its successes.

The world renowned business guru, and author of In Pursuit of Excellence, Tom Peters told the World Business Forum in Sydney last month that companies with the majority of women on their boards have performed a remarkable 56% better than those with women in the minority or no female representation. Since the campaign began, much has been achieved. Women now represent 30 per cent of all new Board appointments, compared with just 5 per cent in 2009 before ACSI and others began to raise the issue. By the end of 2014, women held almost 300 seats on Boards of ASX 200 companies. This represents 19 per cent of all Directorships, almost the double the proportion of female Directorships in 2010. The ACSI campaign is now being taken to a new level, with a goal to increase the number of female Board members to 30 per cent of all Directorships by 2017. This is to be achieved through dialogue with companies, especially those identified as laggards, and potentially by using voting rights to oppose the re-election of Directors. The Catholic Super Board currently has 30 per cent female Directors and will continue to promote opportunities for women to be nominated and elected by our members and employers. Catholic Super is also tracking the gender balance of its employees. While we have not implemented targets, we have experienced a significant increase in female staff over recent years.

Catholic Super ranked as the top fund by members

1

Catholic Super members are the most satisfied members in the country in terms of both investments and service according to Roy Morgan Research’s The Superannuation and Wealth Management in Australia Report – May 2015.

I am particularly proud that 50 per cent of our managers are female compared to the industry average of 36 per cent. We have also been working hard to increase the proportion of women in our client facing roles. In the finance industry, client relationship management and financial planning roles are predominately held by men. Yet over the past two years Catholic Super has significantly increased the proportion of females in these client facing roles from 9 per cent to 33 per cent. At Catholic Super we’re constantly endeavouring to better engage women in our workplace. We know we still have work to do. We are still tracking below the average for female staff overall and within our Executive group, but we are focused on achieving better gender diversity over time. Catholic Super is proud to be a super fund that supports women at each stage of their careers and their lives. We believe our workplaces should reflect the diversity of our society as a whole. It has long been acknowledged that engaged female talent is a key factor in business success, so we will continue to strive for greater gender diversity and reap the associated rewards for all our members. Frank Pegan, CEO, Catholic Super


Are you ready

for SuperStream? Do you have more than 20 employees? Are you on track to be SuperStream compliant by 1 July 2015? Catholic Super can help. We have a solution for you – OnlineQ OnlineQ is:

Do you need more information?

SuperStream compliant

For further information on SuperStream you can:

Secure, online and available 24/7

Contact our Service Centre on 1300 655 002, 8.00am–8.00pm (AEST) Monday to Friday

Direct Debit, EFT and BPay options available.

Email us at info@csf.com.au

The Government is changing the way employers pay super contributions and it is important you’re familiar with the changes and when you need to take action. The changes are being introduced to make processing contributions more efficient, easier, cheaper and faster by introducing electronic payment standards.

ưưDo I need to make changes? Are you currently doing any of the following: • Sending in paper contribution schedules?

NO

YES

• Paying your contributions with a cheque?

NO

YES

• Sending in electronic files by email?

NO

YES

If you answered YES to any of these, You WILL need to make changes to the way you pay contributions in order to become SuperStream compliant.

Note: If you are currently using a clearing house service please check with the provider to ensure they are SuperStream compliant.

ưưWhen is it happening and how do I manage payments electronically? Both the date you need to take action and the contribution method you must use are dependent on the amount of employees you have.

Key date

Number of employees

Contribution method

1 July 2015

20 or more

Use OnlineQ

1 July 2016

Less than 20

Use the ATO’s own Small Business Clearing House. Register at www.ato.gov.au/sbsch

The standard requires employers to: • Send all data electronically (such as the employees details and the amount of super being paid in a standard format) • Make all contribution payments electronically – that means no more cheques or cash

ưưEmployers with 20 or more employees – Deadline to be compliant: 1 July 2015 If you’re an employer with 20 or more employees, you can be compliant with the standard now by registering for Catholic Super’s OnlineQ clearing house. Our online system is simple to use, efficient, secure and complies with the Government’s data standards.

ưưEmployers with fewer than 20 employers – Deadline to be compliant 1 July 2016 You can use either Catholic Super’ OnlineQ or the ATO’s Small Business Clearing House.

Both contribution methods are simple, secure and ensure you’re SuperStream compliant.


Staff Profile

Loretta Drago From Girl Friday to Services Group Manager Catholic Super is an employer which recognises, values and nurtures women in their careers. Just ask Loretta Drago. When she made a spur-of-the-moment decision to leave school in Year 11 for a job as a Girl Friday, Loretta Drago never imagined it would one day lead to her becoming a senior manager at Catholic Super, one of the country’s leading superannuation funds. To this day, Loretta doesn’t know why she put her hand up that day in 1983 to go for the job as a Girl Friday at Catholic Church Insurances (CCI). She swapped school for making cups of tea and coffee, cleaning ashtrays, getting lunches and delivering mail. But her drive and dedication to work quickly became apparent and Loretta began to see how Catholic employers, in particular, can provide exceptional opportunities for women in the workplace. A manager saw her talent early on and became her mentor. Loretta soaked up as much knowledge as she could. A few years later, she successfully applied for a position in CCI’s finance department, where she learned accounting skills on the job. CCI was a pioneer of superannuation and had established its own super fund for staff early on. In 1988, as Australia headed towards compulsory superannuation for all employees, the superannuation arm of CCI became its own entity. Loretta became one of three employees of the National Catholic Superannuation Fund (NCSF). Their aim was to develop the fund so Loretta put her interpersonal skills to use in engaging with potential clients.

By 2000, NCSF had grown to become a true national fund. With her natural ability to build rapport with people, Loretta moved through the ranks from assistant administrator, to team leader, and finally to a management role just before NCSF merged with Catholic Super in 2010. She credits Catholic Super as a working environment which values women and encourages the professional development and progression of its female employees. “I believe that if you apply yourself to it, and that you’ve got the passion to do it, you should succeed, and I think there are a lot of Catholic employers who support that idea,” she says.

I was lucky to land in a company that really taught me a lot. “Catholic Super gets it. As a fund, three quarters of our members are female and it’s often easier for women to engage with another woman to discuss whether they are putting enough money aside in their super. Women are integral to our business.” Ask around the Catholic Super office and the respect for Loretta is obvious. Deputy CEO Bob Faorlin has worked with Loretta for over 15 years and says it was Loretta’s tireless work ethic and her interpersonal skills that set her apart. “When I started she became my right hand person. She knows how to work with people. People warm to her, they look up to her,” he says. Now with the title of Services Group Manager, Loretta oversees a team of 18 people, including Catholic Super’s nationally-spread Superannuation Specialists and the Melbourne-based Service Centre for members and employers.

Loretta Drago (far right) and Service Centre

For the past four years she has been a member of Women in Super, an advocacy group for women working in superannuation. The organisation runs the annual Mother’s Day Classic fun run, which raises money for breast cancer. It is a cause close to Loretta’s heart as her mother passed away from breast cancer in 2005, and she has held several committee positions associated with the event. CEO of the Mother’s Day Classic, Sharon Morris, describes Loretta’s commitment to the event as ‘outstanding’ – so much so that she is set to take over the reins as Chair of the Melbourne Mother’s Day Classic committee next year. “When Loretta came along she was a Godsend!” Sharon laughs. “Melbourne is the biggest event for the Mother’s Day Classic. We attract about 40,000 registered participants. It is our biggest event so there is a lot of work,” Sharon explains. “That’s what I love about Loretta, even though she’s got a full time job which sounds to me like she is so busy, she’s always so willing to put up her hand and help out.” It is something Loretta finds immensely rewarding: “I think it’s because everyone there shares the same passion” she says. Next time you call our Service Centre, you will be speaking with a dedicated member of Loretta’s team and we look forward to helping with any of your super needs.

Nominations now open for the election of an employer representative to the Board of Directors We are now calling for nominations for an employer representative to sit on our Board of Directors. The Board of Directors is responsible for the operations of the Fund to make sure it is being administered in the best interests of both members and employers. It also ensures the Fund is managed in accordance with the Fund’s governing rules and with superannuation legislation. The Board consists of an equal number of employer and member representatives. Once nominations are received, a ballot may be conducted and the nominee polling the highest number of votes will be elected.

Nominations must be sent to Joe Farrugia, Returning Officer, CSF Pty Ltd, PO Box 333 Collins St West, Victoria 8007 by no later than 3pm, Wednesday, 1 July 2015. If you are interested in nominating, please contact the Trustee Office on 03 9648 4700 for a nomination form.


Supporting the

Mother’s Day Classic Thousands of Australians got their pink on this Mother’s Day for a good cause Catholic Super is proud to be an ongoing supporter of the Mother’s Day Classic, the annual national fun run and walk for breast cancer research. Initiated and organised by the advocacy group Women in Super, the Mother’s Day Classic has a strong connection with the superannuation industry. And as more than three-quarters of Catholic Super’s members are women, the Fund’s support takes on a deeper meaning. The event has grown to see more than 135,000 people join in each year, at 95 locations around

Australia. The event has raised $24.3 million for breast cancer research since it began in 1998 (excluding the 2015 event). Research is the key to improving survival rates of the one in nine women who will be diagnosed with breast cancer by the age of 85. Held on what is a special day to celebrate mums

everywhere, the Mother’s Day classic is a positive, healthy and inspirational event that brings the community together to support and remember those touched by breast cancer. Sharon Morris, CEO of the Mother’s Day Classic, said it was great to have such a high level of support and participation by Catholic Super.

What comes out loud and clear from Catholic Super is that it’s very much about their members, encouraging their members to get involved in the event and having that good values side to what they do and what they believe in. Sharon Morris, CEO of the Mother’s Day Classic

Contact Catholic Super Brisbane

Geelong

Perth

Level 5, 303 Coronation Drive Milton QLD 4064 PO Box 1931, Milton QLD 4064

Ashby House, 1 Malone St, Geelong VIC 3220 PO Box 816, Geelong VIC 3220

St Brigid’s Centre, 60 John St, Northbridge WA 6003 PO Box 132, Northbridge WA 6865

Canberra

Hobart

Sydney

Unit 3, 59 Wentworth Ave, Kingston ACT 2604 PO Box 4367, Kingston ACT 2604

35 Tower Rd, New Town TAS 7008

Polding Centre Level 7, 133 Liverpool St Sydney NSW 2000

Darwin

Level 1, 535 Bourke St, Melbourne VIC 3000 PO Box 333, Collins Street West VIC 8007

Unit 28, 1 Dashwood Place, Darwin NT 0820 GPO Box 845 Darwin NT 0801

Melbourne

Issued by CSF Pty Limited (ABN 30 006 169 286; AFSL 246664), the Trustee of the MyLifeMyMoney Superannuation Fund (ABN 50 237 896 957; SPIN CSF0100AU). The information contained herein is about the Fund and is general information only. It has been prepared without taking into account your personal investment objectives, financial situation or needs. It is not intended to be, and should not be construed in any way as, investment, legal or financial advice.

CS072 010615

www.csf.com.au | 1300 655 002 (8am – 8pm AEST Monday to Friday) GPO Box 4303, Melbourne VIC 3001 | e: info@csf.com.au

Catholic Super - Employer newsletter June 2015  
Read more
Read more
Similar to
Popular now
Just for you