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A local life insurer has made the claim. New research from MLC Life Insurance suggests 60 per cent of superannuation fund members have never heard of the stapling reforms implemented late last year,
Superannuation funds must do a better job of communicating the value of group insurance, with research revealing just 25% of Australians understand what they're covered for, and many may not be adequately covered following recent reforms.
MLC Life Insurance has confirmed the move. The life insurance business has confirmed former executive manager for operations at MTAA Super (now Spirit Super), Chris Porter, as its new head of fund p
MLC Life Insurance has appointed a head of fund partnerships for the group insurance business, most recently on the leadership team of an industry super fund.
ESSSuper chief executive, Mark Puli, will replace Sean Williamson as the firm restructures its life insurance division.