{"id":75458,"date":"2025-01-28T15:29:13","date_gmt":"2025-01-28T04:29:13","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=75458"},"modified":"2025-02-04T12:19:44","modified_gmt":"2025-02-04T01:19:44","slug":"new-life-insurance-service-standards-inside-super","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/01\/28\/new-life-insurance-service-standards-inside-super\/","title":{"rendered":"New Life Insurance Service Standards Inside Super"},"content":{"rendered":"
\n
\n

News the Government will introduce enforceable life insurance service standards within the large super funds attracted a high level of reader interest this week…<\/h3>\n<\/div>\n<\/div>\n

The Federal Government is set to release draft proposals detailing changes focussed on mandatory and enforceable life insurance service standards for large APRA-regulated funds.<\/p>\n

The move comes on the heels of November’s announcement by ASIC alleging more than 10,000 members and claimants of the Construction and Building Unions Superannuation Fund waited more than 90 days for claims to be processed (see: Super Fund Sued Over Claims Handling Failures<\/a>).<\/p>\n

\"\"<\/a>
Assistant Treasurer and Financial Services Minister, Stephen Jones<\/figcaption><\/figure>\n

In a statement, Stephen Jones <\/strong>MP, Assistant Treasurer and Minister for Financial Services, says his proposed reforms will initially target critical areas where complaints data shows the greatest need for improvement. These include:<\/p>\n