RecruitmentSuper has entered into an arrangement with large health insurer MBF to provide a health insurance package to members.
Under the arrangement, new members of RecruitmentSuper will not be subject to the usual waiting periods for coverage by MBF.
The fund said that the health insurance provided by MBF would be offered at competitive rates to members of the fund.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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