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ARTICLE · 11 OCTOBER 2011

Stronger Super - MySuper products

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

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This is a broad outline of the MySuper superannuation products which will only cover pre-retirement initially.

AustraliaEmployment and HR
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On 21 September 2011 the Federal Government released the Stronger Super Information Pack (the Pack) setting out the Federal Government's decisions on key design aspects of Stronger Super reforms.  This update provides an overview of the decisions relating to MySuper products.

Much of the key design for MySuper has been discussed in detail through the Government's consultation process. However, there are some issues that are now clarified and some surprises not anticipated such as the proposal to remove "own occupation" total and permanent disablement (TPD) products which do not meet the TPD condition of release under the Superannuation Industry (Supervision) Regulations 1994 (SIS Regulations).

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