The FSU will be negotiating remuneration with IAG on behalf of our members at IAG, CGU, NRMA, IMA, SGIC, SGIO, and Swann Insurance.

Through recent FSU Enterprise Agreement surveys, staff at IAG have told the FSU that they want the new Enterprise Agreement to deliver a pay system that rewards performance and keeps employees ahead of cost of living increases.

How does IAG stack up on pay?

Minimum salary adjustments across the finance sector:

• IAG: The minimum salary adjustment only applies if an employee has not received an increase in their salary/bonus in 2 annual salary reviews.
• SUNCORP: 2% guaranteed base pay increase to keep employees moving with cost of living increases and a guaranteed merit pool to reward performance.
• ST GEORGE: 4% guaranteed base salary increase during the operation of the enterprise agreement.
• NAB: 4% across the board increase in 2011, then safety net of 2% during enterprise agreement with those who are “valued contributors” receiving 4%.

Take action now to get fairer pay

A fair, transparent and rewarding pay system can be achieved by FSU members joining in the national pay campaign activities that will take place over the coming month.

Talk to your colleagues about joining the FSU as the more members we have, the stronger we are at the bargaining table.

Tell us what you think of the current IAG pay system at IAGfeedback@fsunion.org.au