Confusion reigns in super and life insurance: CHOICEBY EMMA RAPAPORT | MONDAY, 27 FEB 2017 1:04PM Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE. Related News |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
"Deborah", I would say to you that there was a PDS provided to your daughter upon joining her fund, it is only 8 pages long and includes details of the insurance cover provided and how to 'opt out' if not needed. There was a periodical statement provided to your daughter at least once per year which showed every deduction made for the cost of insurance - it is not hidden. Just depends on whether your daughter wants to be informed. I'm guessing not.