Personal Insurance in Super – Its your choice?

Did you know that tailored personal insurance super structuring can give you a greater choice and affordability of your life Insurance and Income Protection? If you have known about this before yet have doubts about the possible benefits, then now is the time you consider it seriously. In the past, you only had the choice…

SMSF New Compliance Requirements

 Self-Managed Superannuation Funds represent the fastest growing segment within Superannuation – the average SMSF now has $964,000 in assets. People are choosing SMSF for the following key reasons Having control over there Super Investments and their own retirement destiny Flexibility and investment choices Ability to purchase property and even borrow under some circumstances Able to…

SCT Rulings, Dominated by Life Insurance Complaints

The last quarter of 2012 financial year saw a great number of life insurance complaints filed at the Superannuation Complaints Tribunal. Telephone complaints coming from fund members totaled 2809 while the number of written complaints reached 627.   Summary of complaints with decisions by both fund trustees and insurers upheld by the SCT:   In…

Default Income Protection for MySuper

During Sydney’s AIA Australian Group Insurance Summit, result of polled 32 executives from 26 retail and industry funds and related consultancies was disclosed. It showed that over 50% of Australian superannuation funds will offer default income protection for MySuper. Representatives from BT Financial Group, REST Industry Super, Rice Warner Actuaries and Chant West responded differently…