Recently you may have heard about some changes that are soon to take place within your superannuation fund/s.
We feel that it's important to let you know what these changes mean and how you can act on this information to ensure that you continue to have insurance cover inside your super, should you wish to.
The Federal Government have passed the 'Protecting Your Superannuation Package' legislation. This means that from 1 July 2019, super funds will cancel insurance on accounts that have not received any contributions or rollovers for a period of 16 months.
So essentially, if you want to keep the insurance, you must do one of four things:
Sound Life & Superannuation Agencies Pty Ltd trading as Sound Life Financial Services are
Corporate Authorised Representatives of Synchronised Business Services Pty Ltd
ABN: 33 007 207 650 trading as SYNCHRON
Principal address: Level 1, 65 Palmerston Crescent, South Melbourne Vic 3051
Australian Financial Services License Number: 243 313