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Intrust enables members to start SuperStream pension account
Intrust Super has launched a new service that would allow members to start a new SuperStream pension account through the industry fund’s MemberAccess online portal.
The option to ‘join pension’ would appear on the member access interface when a member reaches preservation age, the industry fund said.
Members could use a SuperStream pension account to keep their savings invested in super while they draw down an income for themselves in retirement, Intrust said.
Intrust Super executive manager, Lawrence Chand, said this is an important service that the fund is now able to offer its members.
“There’s no longer a need to print out forms or send paperwork in the mail to set up a SuperStream account. This will save members a lot of time and a lot of effort,” he said.
When a member becomes eligible for the “join pension” option, they could simply follow the prompts and provide the required details to open a SuperStream account, Intrust said.
AUTHOR
Nicholas Grove
Nicholas Grove is a senior journalist with Money Management.
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