Insurance in Superannuation Code of Practice
We know how important it is for you to understand and manage the insurance cover available through your super.
That’s why we have adopted the Insurance in Superannuation Voluntary Code of Practice (Code) that commenced on 1 July 2018.
What is the Code?
The Code provides guidelines and a set of standards for superannuation funds to adopt when providing insurance to its members. It aims to improve the insurance offered and the processes by which insurance benefits are provided to members in the super industry.
This is the first time the industry has set a standard for the provision of insurance cover through super. It has been developed by the Australian Institute of Superannuation Trustees (AIST), Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC).
View the Insurance in Superannuation Voluntary Code of Practice for more information.
When will the Code be implemented?
We already comply with many parts of the Code and are working to implement any outstanding items by no later than 30 June 2021.
Our Insurance Code Transition Plan (effective as at 1 July 2020) provides a description and timeline of when we expect to fully comply with each of the items of the Code.
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