NESS Super is pleased to announce that it has received authorisation to offer a MySuper product from the Australian Prudential Regulation Authority (APRA).
“We are delighted to be the latest fund to receive our authorisation, having worked very closely with APRA right throughout the application process”, said Angie Mastrippolito, Fund Secretary and CEO of NESS Super.*
“It’s a significant achievement for an industry-specific, specialist fund like NESS Super, where personalised services are key factors to the retention and growth of members and employers in the electrical and communications industry. It’s certainly not just about size”, said Anthony Glossop, Chairman of the NESS Super Board.
NESS Super will be offering “NESS MySuper” from 1 July 2013 and will reflect the current low-cost Balanced investment option used by NESS Super as the Trustee nominated default. The Balanced option has a mix of growth and defensive assets, a proven track record of solid performance and excellent performance of late. It’s a natural fit for the NESS MySuper offering.
Default insurance will be a differentiator for NESS MySuper, which will offer Death, Total & Permanent Disablement (TPD) and Temporary Salary Continuance (TSC) as default insurance cover.
NESS Super is currently in the process of re-branding, with a fresh, new look being released shortly.
NESS Super is the industry super fund dedicated to employers and employees in the electrical and communications industry. For enquiries and further information, please contact Angie Mastrippolito, NESS Super Fund Secretary/CEO, on 02 9715 3720 or mobile 0419 891 661.
*New South Wales Electrical Superannuation Scheme, trading as NESS Super.