AMG Super is no longer able to accept external insurance policies with Retail Insurers until further notice.
Under recent changes to Prudential Standard 250, it is a requirement for Superannuation Fund Trustees to receive regular Service Level Reporting from Insurers with whom they hold policies. Despite best endeavours, we are yet to have the required reporting in place with the external retail insurers and as a result, the Trustee is unable to accept further applications.
We are continuing to work with the Insurers and the Trustee to come up with a solution, however no new external insurance applications can be processed until further notice.
Please note these changes do not affect AMG Branded Insurance through Hannover Life Re.
We will keep you up to date with developments, however if you would like further information please contact either:
Terry Constable, Adviser Services Manager, 07 3228 2632
Alan Hegerty, General Manager, 07 3228 2676