Group insurers are paying out up to $200 million a year for mental illness claims and much of this could be prevented through early intervention and treatment. Some experts estimate the on-costs and opportunity-costs reach $30 billion. This gathering of government, mental health experts, counselling services, super funds and group insurer CommInsure discusses funds’ successes and failures in early detection and prevention. Government participation is crucial, but it must be integrated, well-funded and aimed at prevention rather than high-cost emergency, hospital-based care
Mercer is stiffening its investments arms with the appointment of a market business leader in Australia and a CIO for alt-alpha strategies in the UK.
The time taken for rollovers and contributions is set to drop from up to one month down to less than three days due to an e-commerce pilot with the Industry Funds Forum and Cuscal.
