As sponsor of this year’s Chant West Super Fund of the Year awards, AIA is working with superannuation funds on the health and wellbeing of members.
The firm was sponsoring the awards which would be held on 25 May in Sydney and was now in its 10th year.
Ben Walsh, AIA Australia’s chief distribution and propositions officer, said the firm shared Chant West’s vision for excellence and innovation and had a long history of working with the super industry.
“We share Chant West’s vision of recognising the excellence and innovation which is shaping our industry for future success and are delighted to be partnering with them to celebrate the commitment of these funds to making a difference in the lives of their members.”
The firm said it worked with its superannuation partners, which included HESTA and Commonwealth Superannuation Corporation, by focusing efforts on programs and initiatives which benefited members as well as society.
This included early intervention, prevention-based activities and return to work assistance which helped members to recover faster while being financially supported.
“A core component of this system is insurance inside super, which has an essential, ongoing role to act as a safety net that will provide certainty in the unfortunate event of sickness or injury.
“AIA Australia will continue to advocate for the importance of insurance inside super and is committed to continuing to partner with the superannuation industry to ensure that members’ needs are met,” Walsh concluded.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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