Choose the Queensland fund that's supported the Queensland energy industry for 40 years
2 August 2024
At Brighter Super, we deeply value your membership and are committed to helping you grow your retirement savings.
For over 40 years, Brighter Super has been dedicated to serving the energy industry in Queensland. We take pride in being the super fund for over 90% of Energy Queensland employees. As a 100% member-owned fund we are working for you and your future. We are committed to keeping your fees low while delivering long-term performance and advice to help you retire with confidence.
Why Brighter Super is the bright choice
- Personalised service: Our team of over 40 super specialists is dedicated to visiting members in workplaces across Queensland, meeting you where you live and work.
- Low fees: We are one of the top three industry funds with the lowest fees for the MySuper option in Australia1.
- Strong investment performance: Our MySuper option delivered a strong return of 9.07% over the 12 months to 30 June 2024 and our Balanced and Growth options delivered double digit returns of 10.57% and 11.91% for the same period2.
- Investing in Queensland: With over $1 billion already invested in Queensland and commitment to invest an additional $500 million in Queensland to create jobs and drive economic growth in our communities, while delivering strong returns for members.
- Industry representation: Our Board includes prominent figures from the energy industry, including Ms Teresa Dyson, Ms Jennifer Thomas and Mrs Neisha Traill, ensuring that your interests are well represented.
- Death & Total and Permanent Disablement cover: If you have this cover with Brighter Super the terms remain unchanged, and the costs of the default cover may be met by your employer.
Making it easier to adjust your Brighter Super Income Protection cover
We understand that the recent Energy Queensland Union Collective Agreement changes have brought about new options regarding your superannuation and Income Protection cover. With the new Energy Queensland Union Collective Agreement, we want to make it easier for you to review, make changes to and cancel your Brighter Super Income Protection cover.
Currently, Energy Queensland pays the premium for your default Death, Total and Permanent Disablement (TPD) and Income Protection insurance cover within your Brighter Super account. As directed by the new Energy Queensland Union Collective Agreement, Income Protection cover will be provided by Windsor Income Protection and your default Income Protection cover with Brighter Super will soon no longer be paid by Energy Queensland.
With your best interests in mind, to ensure you do not have duplicate Income Protection cover and unnecessary insurance premiums deducted from your account, we are working with Energy Queensland and will cease offering Income Protection cover on 31 August 2024. In the meantime you may choose to cancel your Brighter Super Income Protection cover early and we outline how to do this below.
Your default Death and TPD premiums within your Brighter Super account will continue to be paid for by Energy Queensland.
Defined benefit members have different arrangements and this information does not apply to them.
How to retain your Brighter Super Income Protection cover
You can keep your Brighter Super Income Protection cover subject to acceptance by our insurer Zurich.
It is important to note that if you elect to keep your existing Brighter Super Income Protection cover or Additional Cover, then in the event you make a claim, any payments you receive from Windsor Income Protection Cover will reduce any payment from your Brighter Super Income Protection cover or Additional Cover. You can find out more about your insurance cover with Brighter Super by logging into your account online at brightersuper.com.au.
Please note that Energy Queensland will cease paying additional contributions for your Brighter Super Income Protection cover from 31 August 2024. If you elect to retain your cover, premiums will continue to be deducted from your account, including any premiums for Additional Cover, if you have elected this cover. The premium for default Income Protection cover is currently $524.68 per year. If you have Additional Cover above the default cover level, or have elected a shorter waiting period, the amount of the premium deducted will be higher.
If you would like to retain your Income Protection cover, please complete the Insurance Cover Election form – Energy Queensland available below and send it back to us by 30 August 2024.
Insurance cover election form - Energy Industry
Please send form to:
Preferred Method
Website (Secure file upload)
brightersuper.com.au/contact-us
Alternative Options
Email (scanned copy)
insurance@brightersuper.com.au
Post
Brighter Super
GPO Box 264
Brisbane Qld 4001
How to cancel your Brighter Super Income Protection cover
If you would like to cancel your Brighter Super Income Protection cover, you can complete the Insurance Cancellation form, IC – Energy Industry, scan or photograph the completed form and email it to insurance@brightersuper.com.au
If you cancel your Income Protection cover with Brighter Super and choose to reapply for cover in the future, you may be subject to underwriting or special conditions or exclusions.
Important considerations
During this time you will have two Income Protection policies. If you have two Income Protection policies at the time of a claim, you may not be able to claim the full benefit stated under each policy. It may be possible to claim against both policies. However, each policy has its own terms and conditions which will impact the benefit amount you are entitled to receive during a claim. There will be a limit to the amount that you can claim.
We recommend that you seek financial advice before making a decision about your insurance cover. Please note Brighter Super is unable to provide advice relating to the cover in place with Windsor Income Protection or whether you should retain or cancel your Brighter Super Income Protection cover.
We’re right by your side
We believe in providing you with personal service and advice. Whether you need help considering your options or planning for your future, Brighter Super offers a range of advice services.
You can find out more by visiting brightersuper.com.au/advice
Thank you once again for being a valued member of Brighter Super.
We’re here to help
Whatever you need, we're here to help. Get in touch today. Our friendly and helpful team is available over the phone, email and in-person.
Call us on 1800 444 396 or email our team at eql@brightersuper.com.au
