POWERED BY MOMENTUM MEDIA
REI Super adopts Insurance Code
REI Super resolved to adopt the AIST Insurance in Superannuation Voluntary Code of Practice and would begin implementing it from 1 July this year.
REI Super chief executive officer, Mal Smith, said REI’s adoption of the code reflected its commitment to continuing to provide members with high quality and cost effective death, disablement and income protection cover, and to giving them access to good service when they apply for insurance or make a claim.
“The code also contains some very sound practices for making sure fund members do not pay too much for insurance or that they do not receive unnecessary insurance,” said Smith.
Smith said cost effective insurance was a critical component of superannuation for Australians, and adoption of the code, which was developed with the objective of improving the insurance in superannuation offered to members, would place super funds in a position to provide this.
Recommended for you
The $170 billion fund has announced an internal promotion to the newly created role.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment