The Australian Catholic Superannuation and Retirement Fund’s Trustee had previously stated their intention to adopt the Insurance in Superannuation Voluntary Code of Practice (the Code).

Due to regulatory reforms, the Code Owners (Association of Superannuation Funds of Australia, the Australian Institute of Superannuation Trustees and the Financial Services Council) announced on 1 July 2021 that they were replacing the Code with guidance notes for those parts not covered by legislation or regulation.

The Trustee will review and consider the guidance notes. The Trustee had been working on the implementation of the Code and on 1 January 2021 we introduced a number of improvements to the insurance cover offered to members including increased flexibility, a digital claims and underwriting process and access to comprehensive health and wellbeing programs.