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Choice fails to deliver SMSF boost
TWUSuper has emerged as one of the first superannuation funds to benefit from the continuing corporate superannuation outsourcing push in 2006, picking up the 200-member .
company secretary said that, faced with higher regulatory and associated costs, the fund decided to appoint TWUSuper as the nominated superannuation fund for its employees, and that around 70 per cent of its staff had opted to join TWUSuper.
Members of the SIMON fund transferring to TWUSuper will receive death and total and permanent disability cover equivalent to that provided by the SIMON fund.
TWUSuper chief executive said his fund had been invited to do a series of information sessions for SIMON employees aimed at assisting them in understanding their options and helping them make a choice.
“The experience we gained in developing the communication and transition plans for the SIMON transfer is very valuable and can be used for similar transfers in the future.
AUTHOR
Mike Taylor
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