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In Australia, compulsory superannuation has been the single most important factor mitigating wealth inequality in over 20 years. The Super Cadets Program is committed to furthering this achievement by identifying and developing idealistic and motivated people who genuinely want to "make a difference" by improving the quality of retirement for working Australians. Super Cadets has been designed to help ensure that working Australians and their families continue to have access to lower cost and higher performing superannuation, well into the future. Super Cadets is a twelve month training program designed to develop future industry leaders of the not-for-profit superannuation industry. Key aspects of the Super Cadets Program include: • 25 positions available nationally • Residential training courses • A nationally recognised qualification • Networking opportunities For answers to the following questions, simply click on the question below – • Why has Super Cadets been developed? Why has Super Cadets been developed? The not-for-profit superannuation sector returns the "profits" generated through investments to their members' accounts rather than to shareholders, and the objectives and philosophy of the industry differs markedly from those of mainstream financial institutions. The Super Cadets Program has responded to the ongoing challenges faced by this sector by providing a program that develops future industry leaders that understand the objectives and origins of not for profit superannuation and have the knowledge and skills to achieve positive outcomes for members. Until the 1950s, superannuation in the form of private pensions was generally available only to senior, highly paid and long serving employees. From the 1950s, superannuation was more generally recognised as an employment benefit, graded according to occupational status, but with a strong bias in favour of public sector employees. During this time, large sections of the workforce had little or no access to superannuation - particularly women, blue-collar workers, part-time workers and those who changed jobs. In 1986, the Australian Council of Trade Unions (ACTU) won a case in the Industrial Relations Commission which succeeded in achieving a minimum of 3% superannuation for all employees covered by Federal awards. This was followed by the 1992 introduction of the Superannuation Guarantee Legislation that made it compulsory that a minimum level of contributions be made for most employees. Today, around 97% of all workers in Australia have superannuation. What are “not-for-profit” superannuation funds? Not-for-profit super funds include industry funds and public sector funds. All profits (less administration and investment costs) derived from investment returns are returned to members. Industry funds are multi-employer funds, usually covering employees in one or more industries. Examples include AustralianSuper (multi-industry) Cbus Super (building & construction) and CARE Super (clerical & administration). Public sector funds are for government employees, with separate funds operating at local, state and federal levels. Examples include Super SA and First State Super (NSW). Not-for-profit super funds: • Do not pay commissions to financial planners or agents As well as providing a low cost vehicle in which to invest superannuation savings, not-for-profit funds generally provide access to a range of additional services and products including: • Banking facilities and mortgages What kind of jobs will be available? In 2008, Super Cadets may be recruiting participants in the following areas: • Member/Client Services • Legal/Governance
What is Super Cadets looking for? Due to the broad range of positions available, applicants from all disciplines and work backgrounds are encouraged to apply for this unique opportunity. Super Cadets is committed to recruiting people with integrity, idealism and the motivation to make a real difference to the lives of working Australians. On behalf of our numerous participating employers, Super Cadets will recruit both Graduates and Financial Educators/Advisers to work within the industry. 1. Graduates - includes current students, recent graduates and post-graduates, or people with less than three years work history 2. Financial Educators/Advisers - includes people with a more substantial work history
Are finance qualifications or experience required? The Super Cadets Program is open to any person with an interest in the superannuation industry or financial education that has a genuine desire to make a difference to the lives of working people. Super Cadets recruits participants for a number of different roles within the superannuation industry that are not necessarily finance-oriented, and in fact welcomes diverse educational and work backgrounds. This is one of the unique aspects of the Super Cadets Program. What training is provided during the cadetship? Training consists of both on and off-the-job training. Formal classroom training will provide participants with the necessary qualifications and base of knowledge required to work in the industry. The training will provide participants with the history, context and objectives of not-for-profit funds and partner organisations. Participants will also complete the Diploma of Financial Services (Financial Planning). This is a nationally accredited qualification.
When will the next Super Cadets program start? The next Super Cadets Program will commence in late January 2008. What will the selection process involve? Applicants are required to complete three stages of selection:
Where can I get more information about the Super Cadets Program? You can email info@supercadets.com.au |
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