Honey, my insurance swallowed the super fundBY ALEX DUNNIN | MONDAY, 4 AUG 2014 1:05PM As more financial products embrace direct distribution it creates an opportunity for Netflixising superannuation funds to select which company they partner with rather than being ... Upgrade your subscription to access this article
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Great article Alex; thought provoking as ever. Would your approach mean members no longer had default cover? I think a very percentage of the population only have insurance via their super fund, and this would probably increase the level of under insurance in the country. Insurance is a valuable benefit that funds provide and the automatic cover AND acceptance is really important. I'd be nervous about tinkering too much here without considering the whole picture. Should we be too concerned if trustees are having to spend time on claims? It's a valuable service to members and the trustees' role is to act in their best interests. Cheers