Acenda welcomes Equity Trustees Superannuation Limited (ETSL) as the new Trustee for its customers with individual life insurance policies held in super.

 

The change completes the transition from NULIS Nominees (Australia) Limited (NULIS) to ETSL, and the transfer of members with life insurance policies from MLC Super Fund to Smart Future Trust.

 

Gerard Kerr, Chief Executive Individual Business for Acenda, said the new partnership with ETSL supports Acenda’s strategic vision for growth and innovation.

 

“Trustees play a crucial role in prioritising members' interests and safeguarding their benefits. By partnering with ETSL, who are recognised for their expertise and flexibility, we aim to provide long-term support for our customers,” he said.

 

“Acenda is building on our strengths as a life insurer by focusing on growth and innovation. This includes partnering with a specialist trustee that supports our growth ambitions and enhances our product capabilities and proposition to customers.

 

“We want to continue to deliver an exceptional and seamless experience for our customers and advisers. I am delighted that this transition has been a smooth one and we remain focused on maintaining the high level of service that our customers expect and deserve.”

 

ETSL is part of the Equity Trustees Group. Equity Trustees was established as an independent Trustee and Executor company in 1888 and has become one of Australia's largest specialist trustee companies. ETSL partners with Future Group, as the sponsor and master administrator of the Smart Future Trust.

 

Mick O'Brien, Managing Director of Equity Trustees, said: "We are delighted to have been selected to be the trustee for Acenda insured members. We look forward to a productive collaboration focused on delivering the best possible outcomes to members."

 

Simon Sheikh, CEO Future Group said: “We know that trust is key when moving retirement and insurance savings. We are focused on building a better future to retire to and we look forward to sharing that vision with transitioned Acenda members while delivering exceptional results.”

 

More than 98,000 super fund members with life insurance policies were successfully transitioned from the MLC Super Fund to Smart Future Trust. More about the change is available on the Acenda website here.