Super funds man frontline in war on mental illness

As Australia’s unemployment rate continues to climb, depression and, tragi­cally, suicide, threaten to become larger so­cial problems.

Our superannuation funds stand uniquely poised to help – they are in direct contact with most of Australia’s working population, and as providers of life, TPD and income protection insur­ance, they benefit on many levels from combating mental illness.

Last month, Investment & Technology brought together a roundtable of super fund executives to both share their experiences in this effort, and learn more about the tools available to them – in particular, the Industry Funds Forum initiative, SuperFriend.

The execu­tives also had the chance to learn from two generals in the war on mental illness, from the National Advisory Council on Mental Health and Lifeline. Comminsure, whose pioneering work with SuperFriend you can also read about below, kindly sponsored the event.

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Why confidence in the super system is more fragile than it looks

Australia’s superannuation system can weather financial shocks, geopolitical fragmentation and liquidity crises, but the biggest threat to its stability might be the perception that it can’t. An Investment Magazine roundtable, held in partnership with Northern Trust, has heard that funds need to be just as mindful of shocks to member confidence as they are to financial risks.

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