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
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
