Intrust Super has broken new ground on the insurance front by moving to offer self-employed members an income protection package.
The new income protection product, PayGuard, has been available to self-employed members of the fund since last month.
Commenting on the move, Intrust chief executive Brendan O’Farrell said teaming the fund's specially designed superannuation product for the self employed with the opportunity to take up income protection insurance made for a perfectly match offered.
“We understand that self-employed people place a particularly high priority on protecting their income in the event of sickness or injury, so extending PayGuard to Select Super members was really demand driven,” O’Farrell said.
The Treasurer has shown no signs of wavering on the construction of the controversial tax, while Liberal senator Jane Hume has urged the new economics team to “speak sense” to Jim Chalmers.
Volatile markets driven by shifting US tariff policy failed to rattle Australia’s superannuation system in April, with balanced options inching upward.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.