TWUSUPER has extended its insurance mandate with CommInsure for a further three years, with improved cover for members.
Members will now receive more total and permanent disablement (TPD) cover, with basic TPD cover increased from one to two units. Members will also have the option to further increase both their death and TPD cover from the current two units to three.
The deal encompasses other improvements, including the introduction of lifetime event cover, a loyalty bonus, improved TPD definitions and maximum cover levels, CommInsure stated.
TWUSUPER chief executive Bill McMillin said the changes will offer fund members better value and greater cover, enabling members and their families to be better protected.
State Super has begun its partnership with Frontier Advisors, transferring investment staff and taking a major equity stake to support long-term capability.
The fund has recorded double-digit MySuper gains over the year to 31 October, outperforming market medians and highlighting global equities and private credit positioning.
The regulator invited industry feedback on stamp duty and private debt disclosure reforms following its targeted review of investment reporting.
The winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November.