Legalsuper has joined the ranks of superannuation funds to announce that it has adopted the Insurance in Superannuation Voluntary Code of Practice.
Legalsuper’s chief executive officer, Andrew Proebstl, said the goal of the voluntary code of practice aligned directly with the approach legalsuper has taken to enhancing and refining its insurance offerings to members over the years.
“Over our 11-year association with OnePath Life, we have combined our deep and growing understanding of our members’ needs and evolving profile, characteristics and requirements with our insurer’s capacity to work with us to design and deliver a range of insurance options which suit our full cross-section of members,” said Proebstl.
“Our specialisation in the legal sector means our membership is more homogenous compared to super funds that serve diverse occupational groups. Our insurances are better able to be designed to suit the needs of people who work in the legal community.”
Proebstl said legalsuper’s decision to adopt the code has further demonstrated their commitment to accountability, transparency, value for money and strong financial performance.