The Insurance in Superannuation Voluntary Code of Practice (the Code) was first introduced in July 2018 as a set of standards for the superannuation industry for insurance held within super.

These standards were designed to create a greater understanding, clearer accountability and consistent delivery of insurance benefits in super.  Since its introduction, the majority of the requirements in the Code were superseded by legislative and regulatory reforms, and in July 2021 the Code was replaced with Guidance Notes focussing on support for vulnerable members and appropriate claims handling standards.


Colonial First State Investments Limited (CFSIL) and Avanteos Investment Limited (AIL) adopted the Code in 2018 and have already implemented a number of enhancements such as making more information available about insurance options, supporting members when experiencing vulnerable circumstances and improving how we communicate about your insurance cover. It’s all part of our efforts to improve the experience of our members, and we will continue to refer to the Guidance Notes to further enhance our insurance product and service to members. 


Note: The Code Owners are the Association of Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC).

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Things you should know

Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments. 


Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at or by calling us on 13 13 36.