MLC has retained a key group insurance mandate, being appointed to service the 33,000-member Qantas Superannuation Plan (Qantas Super).
The mandate was confirmed today by Qantas Super chief executive Jane Perry, who said it had followed a comprehensive review of the fund's insurance arrangements and consideration of the needs of members.
According to a joint announcement by Qantas Super and MLC, members of the super fund will have access to MLC's Best Doctors service.
MLC general manger, Group Insurance, Lara Bourguignon said the appointment strengthened MLC's existing relationship with Qantas Super.
"This is an important relationship for MLC and we're looking forward to providing members with value and benefits to build confidence in their financial future," she said.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TAL has launched a digital solution TAL Connect for its superannuation fund partners that links super and insurance for members, with Aware Super as its launch partner.
The Federal Court has ruled in favour of QSuper regarding non-payment of a total and permanent disablement benefit to a member.
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