POWERED BY MOMENTUM MEDIA
TAL wins TWUSuper mandate
TWUSuper has confirmed that it has changed group insurance providers from CommInsure to TAL.
The industry fund late last week confirmed widespread industry speculation that it had opted to partner with TAL for the provision of group insurance following a competitive tender process managed by Mercer Marsh Benefits.
The announcement said a priority for TWUSuper in reviewing its group insurance provider was to identify and partner with an insurer that has an aligned culture, and demonstrated a long-term commitment to the market.
Commenting on the move, TWUSuper chief executive, Frank Sandy said changing service providers was never an easy decision to make, however the services TAL offered in supporting the members and assisting the fund to achieve its objectives were appealing and compelling.
He said the change would deliver premium savings to members.
"We have enjoyed a positive relationship with CommInsure over many years and appreciate the support they provided to the fund and its members," Sandy said.
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
