PDS and handbooks

May 09 2021

Our Product Disclosure Statements (PDS) and Handbooks contain detailed information about your fund - such as costs, benefits and risks.

PDS: Accumulation Plan (for members and their spouses)

PRODUCT UPDATE: Insurance moves to AIA Australia Limited

On and from 1 April 2021, insurance with ESSSuper Accumulation Plan will be provided by AIA Australia Limited (AIAA). It was previously provided by the Colonial Mutual Life Assurance Society Limited (CMLA).

In September 2017, the Commonwealth Bank of Australia (CBA) announced the sale of the CommInsure life insurance business in Australia, including The Colonial Mutual Life Assurance Society Limited (CMLA), to the AIA Group. In October 2020, CBA subsequently announced that the sale would be implemented by way of a statutory asset transfer of CMLA’s life insurance business to AIAA under Part 9 of the Life Insurance Act 1995 (Cth), including the transfer of all of the life insurance policies issued by CMLA to AIAA – this includes the insurance policies held by ESSSuper which provide cover to members of the ESSSuper Accumulation Plan.

The effective time for the transfer of insurance policies, and therefore the change of insurer from CMLA to AIAA, is 12:01am on 1 April 2021.

Other than the change of insurer from CMLA to AIAA, there are no other changes to the terms and conditions of the insurance policies held through the Accumulation Plan by ESSSuper. There also will not be any change to any claims assessments currently in progress or any existing claim benefits currently being paid.

The Emergency Services Superannuation Board (Board) ABN 28 161 296 741, the trustee of the Emergency Services Superannuation Scheme ABN 85 894 637 037 (ESSSuper). This notice is of a general nature only and does not take into account your personal or financial objectives, situation or needs. It is not intended to be a recommendation or preferred course of action. Before making a decision about an ESSSuper product, you should consider seeking professional advice from a licensed financial adviser.

ESSSuper provides insurance cover to Accumulation Plan members through group insurance policies that the Board holds with AIAA. AIAA is part of the AIA Group, the largest publicly listed life insurance group in the Asia Pacific region with a presence in 18 markets. Copies of the insurance policy documents are available on request. Cover is subject to the terms of the applicable policy.

Incorporated guides

PDS: Defined Benefit Fund

PDS: Income Streams (for members and their spouses)

PDS: Beneficiary Account


Incorporated guides

Handbooks: State super funds