Insurance Code of Practice
On 18 December 2017, three superannuation industry associations released the Insurance in Superannuation Voluntary Code of Practice (the Code). The Code is voluntary and will come into effect from 1 July 2018.
Insurance in Superannuation Voluntary Code of Practice
It is a first for the industry and sets standards that will provide greater understanding, clearer accountability and consistency of delivery across the superannuation industry. The Board of Legal Super Pty Ltd resolved to adopt the Code. Adopting the Code, has affirmed legalsuper’s commitment to the highest standards when providing members with insurance cover.
Market volatility update
At the time of writing, the impacts of the Coronavirus are escalating. This update is to keep you informed of rapidly changing situation and the potential impacts on superannuation investments.
Share market volatility
How does recent market volatility affect your super? As with any long term investment, your super will be exposed to many market cycles. It’s reasonable to expect a decrease in growth for Q1/Q2 2020, but keeping a long-term focus will show smoother, steady growth.