At AvSuper we have been busy assessing potential merger partners as well as making changes to insurance as a result of Hannover exiting the market.
Here is a short video explaining more about the Expression of Interest (EOI) and the insurance changes. You can also read further details below.
We were delighted to receive a strong response to our EOI.
The next step is for the merger committee to assess the proposals and form a short list for the board to review, which we expect to happen in the coming weeks.
We are unable to provide a list of funds as Non-Disclosure Agreements have been signed with each participant. However, we can confirm that the response quality is high, and we will assess each submission on its merits as we consider who and what will best serve our 6000 members in the years ahead.
Insurance change in more detail
AvSuper’s current insurer, Hannover, announced last year that it would be withdrawing from the superannuation market in 2022. The transition to our new insurer, AIA is well progressed and due for completion by the end of the quarter.
Click here to read the Significant Event Notice, that sets out the changes you can expect.
If you have any questions about your level of cover, please get in touch.
Introducing our newest team members
Over the Christmas period, we had two new staff join AvSuper. Kathryn Stanfield came on board as an Administration Officer, and we welcomed Angela Oplantzakis as our Administration and Communications Manager.
We also would like to welcome David Coogan as our new independent Director, replacing Julie-Anne Schaefer who finished up in November. David brings a wealth of experience in the superannuation industry, and will be joining our board in March.
If you have any questions about any of the above, please get in touch on 1300 128 751 or email us email@example.com.
We will continue to keep you informed as the year progresses.