Discussion paper
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The Insurance in Superannuation Working Group (ISWG) has released the fourth in a series of discussion papers as a further step towards developing an Insurance Code of Practice for superannuation trustees.

This discussion paper outlines proposals that seek to enhance member insurance outcomes by improving access to timely and relevant information. 

Proposals include that superannuation funds develop an Insurance Data Strategy and supporting Framework; that a data standard and supporting network be developed for the transmission of data between administrators, trustees and insurers; and the development of mechanisms to allow relevant data to be shared (with appropriate controls) for the purpose of improving members’ retirement and insurance outcomes.  

Submissions in respect of the data management proposals outlined in the discussion paper should be sent to ISWG-PMO@kpmg.com.au by no later than 18 August 2017.

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