Coronavirus information

What does Coronavirus mean for your super?

In recent days, the Australian and global share markets have responded to the spread of coronavirus outside of China and to concerns about the impact this could have on the global economy.

Global markets, including Australian share markets, are currently experiencing a downturn as a result. If the outbreak proves to be short-term and soon reaches a peak, the effects on share markets are likely to be limited. However, if the outbreak worsens over the coming weeks, the global economy may be more significantly impacted.

Well-run super funds employ diversification strategies with booms and busts and long-term returns in mind. Strong regulatory oversight requires super funds to understand the risk-return characteristics of their portfolios.

What can you do?

Switching investments now would risk selling low and buying high. Sticking to a strategy and continuing regular investments through a volatile cycle means that ongoing contributions are buying assets at increasingly favourable prices – which should deliver increased returns as markets recover.

During times of uncertainty, it can be very helpful to seek financial advice. Members can speak with one of our qualified financial advisers from Intrust360° on 1300 001 360 or use our online Super Blueprint tool available through MemberAccess. Financial advisers and Super Blueprint can help you understand your risk profile and make informed decisions about the future.

For more information about investments, please click here.

Your insurance cover

PayGuard income protection

If you have PayGuard income protection, and you are diagnosed with Coronavirus (COVID-19) you may be covered by insurance, but there are some things you should consider:

  • Your cover may cease if you have travelled to a destination on the Department of Foreign Affairs and Trade (DFAT) Do Not Travel register. Please click here for more information.
  • PayGuard will not normally cover you for carers leave or for employer ordered quarantine if you yourself are not ill.

Please call 132 467 if you would like more information, or if you would like to make a claim click here.

Life & Total and Permanent Disablement (TPD) cover

If you have Life & TPD cover, this cover may cease if you have travelled to a destination on the DFAT Do Not Travel register. Please click here for more information.

Please call 132 467 if you would like more information, or if you would like to make a claim click here.

For more information about insurance, please click here.