MLC Life has picked up a key group insurance mandate – that of TelstraSuper.
TelstraSuper chief executive, Chris Davies announced today that the fund would be transitioning from TAL Life to MLC.
He said the transition was expected to be effective from 1 July, next year following the completion of a comprehensive review.
“Insurance is an important component of superannuation and we want to ensure our members get the best possible outcome. As a profit for member fund we constantly look at increasing value for our members,” Davies said.
“The new arrangement will allow TelstraSuper to continue our tradition of offering our members beneficial terms and high levels of service, while at the same offering good value for money,” he said.