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Government to ban default life insurance in super

The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances.

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Read more: ATOFederal GovernmentAssociation of Superannuation Funds of AustraliaBudgetFinancial Services CouncilFinancial StandardGreaterJames CoyleMartin FahySally LoaneYounger Australians