Insurance in superannuation : the impacts and unintended consequences of the proposed Federal Budget changes / by KPMG
By: KPMG.Publisher: KPMG Australia, June 2018Description: 7 pages ; PDF file.Subject(s): Superannuation | Superannuation funds | InsuranceOnline resources: Click here to access online
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Insurance coverage impact -- Insurance premium impact -- Impact on individual members -- Retirement outcomes -- Cost and timing of implementation.
Looks at the potential impact on superannuation funds and insurers of recently announced changes to default group insurance announced in the 2018/19 Federal Budget. Argues that the proposed changes will have a material impact and significant unintended consequences to member retirement account balances and that now is the time to think and plan ahead.