Insurance in Superannuation Key Facts Sheet| Information cover sheet for Trustees
The Key Facts Sheet’s purpose is to provide high-level, fund-specific insurance information in a format that is consistent across the industry, to help consumers better understand their cover and enable them to compare cover easily across different superannuation funds. The information cover sheet provides trustees with additional information about the use of the Key Fact Sheet and how it may be customised to their insurance offering.
Guidance for transitioning to the Code
This second Code guidance document has been developed by the Code owners ASFA, AIST and FSC in consultation with a Code Transition Committee made up of trustee, insurer and administrator representatives.
Within the document a framework for trustees to develop their transition plan for implementing the Code is provided. Funds that have adopted the Code are required to publish these plans on their website by 31 December 2018.
Updated spreadsheet for discussion on Code
This document contains a table of the standards of the Code beginning at section 3, along with a record of any discussions that the Transition Committee has had to date on complying with the standards.
This table will continue to be developed over time as the Transition Committee meets, and the updated table will be made available to trustees.
Guidance for adopting the Code
This guidance has been to developed by the Code owners ASFA, AIST and FSC in consultation with a Code Transition Committee made up of trustee, insurer and administrator representatives.
The first document provides guidance to trustees relating to the Code adoption process and includes introductory information on transitioning to, and complying with its obligations.
Spreadsheet for discussion on Code
The second document is a table that fund representatives can use to communicate with the Transition Committee. Questions and comments provided on this document will be considered by the Committee and then updates will be circulated to funds that have adopted the code.