Insurance in Superannuation Voluntary Code of Practice

Update: 18 December 2018

The fund’s Transition Plans for the Insurance in Superannuation Voluntary Code of Practice (the Code*) are now available. These plans set out how and when we will comply with each standard in the Code, in relation to the following products:

If there are any material changes to these Transition Plans, we will issue an updated plan on this page.

Posted: 28 March 2018

The Insurance in Superannuation Voluntary Code of Practice (the Code*) applies to superannuation trustees. The trustee of Commonwealth Bank Group Super supports the Code and its objectives. The trustee intends to adopt the Code to the extent that it is in the best interests of our members to do so.

The transition plan for adoption of the Code will be published on our website by 31 December 2018.

 

*The Code is a voluntary code of practice for superannuation trustees. The Code was produced by a cross-industry working group and sets out the super industry’s commitment to high standards when providing insurance to members of super funds. It does this by creating standard practices particularly in relation to insurance offered on an automatic basis, insurance communications and claims processes.