Submission: Protecting Your Super package: Exposure Draft
This submission focuses on insurance in superannuation and the interests of people who are on low incomes or have low superannuation balances. It supports the majority of CHOICE’s recommendations in its submission to this consultation.
Insurance and fees can erode superannuation balances but insurance cover can also provide significant financial protection to vulnerable people.
Given this, while we support much of the reform package proposed by the Exposure Draft, we consider that a sophisticated approach is needed to understand the demographics of superannuation members and their insurance requirements.
Read the full submission here [PDF]
180604_ProtectingYourSuper_ExposureDraft_CALCFRLCSub_FINAL