SuperFriend, the workplace mental health and wellbeing partner for the superannuation and insurance industry, has responded on behalf of its partners to the Productivity Commission’s inquiry into mental health.
The federal government announced the inquiry in November 2018, calling for submissions extending beyond the health system’s role in addressing mental health, education, employment, housing, disability support and the justice system.
SuperFriend recommended the Federal Government establish a cross-sector working group, invest in the development of a National Workplace initiative, develop incentives for industry-led implementation, and encourage positive strength-based strategies across all investments.
Margo Lyndon, chief executive officer of SuperFriend, said insurance claims related to mental illness and suicide had increased, and managing those claims had become complex and costly.
“We are calling for the Government to introduce practical measures in working with the industry and business in creating mentally healthy workplaces across Australia for all Australians,” Lyndon said.
“We spend so much of our time at work, and there's a clear correlation between mentally healthy workplaces and improved worker mental health and wellbeing.”
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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