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ISA Submission SPS 250 Insurance in Super

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.

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