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GESB gears for simpler super
Big Western Australian-based public sector fund GESB has launched what it describes as a “flagship fund” designed to take advantage of the Federal Government’s recent changes to superannuation.
The new fund, GESB Super, has been specifically structured to enable members to take advantage of the new tax arrangements flowing from the Government’s changes.
GESB chief executive Michele Dolin said that as well as allowing members to take advantage of the new arrangements coming into effect from July 1, the fund would also deliver a range of investment options, including a responsible investment option.
She said that GESB and insurer AIG Life had also collaborated to deliver an insurance design she believed was unique in the Australian market.
The insurance offering features higher default levels of cover and automatic salary continuance.
AUTHOR
Mike Taylor
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