Published: 03 Feb 2020
ISA supports the proposed changes to SPS 250 which introduce an obligation on an RSE licensee to obtain an independent certification that an insurance arrangement with a related party is in the best interests of beneficiaries.
Group insurance within superannuation plays a key role in protecting Australians from insurable events. ISA supports measures which ensure insurance arrangements are appropriate and importantly do not inappropriately erode the retirement incomes of beneficiaries.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.