Commonwealth Superannuation Corporation invests in mental health

From

Damian Hill

One of Australia’s largest super trustees, Commonwealth Superannuation Corporation (CSC), has announced its partnership with workplace mental health organisation SuperFriend, effective 12 August.

CSC is trustee for 11 super funds, collectively managing around $50 billion in funds under management for 730,000 Government and Australian Defence Force employees.

SuperFriend will support employers and customers of CSC’s super funds, in a partnership with CSC’s group insurer AIA Australia.

Speaking of the partnership, CSC’s CEO Damian Hill said “our vision is to build, support and protect better retirement outcomes for our customers and their families. An important part of that is investing in mentally healthy workplaces so that our customers’ wellbeing is supported throughout their working lives. As well as being financially secure, we want our customers to retire healthy and happy.”

Mr Hill added, “SuperFriend’s training and resources help reduce the stigma associated with mental health, equipping people with important skills to thrive at work. Our partnership also supports their nation-wide research into factors that improve and protect worker mental health, and advocacy for inclusive and fair treatment for people with mental health challenges.”

SuperFriend CEO Margo Lydon said, “Our 2019 Indicators of a Thriving Workplace research revealed that public administration workers experience higher levels of stress, work-related insomnia, bullying and mental health-related stigma compared to workers in other industries. We’re absolutely thrilled that CSC has committed to improving outcomes for these workers and their families.”

CEO and Managing Director of AIA Australia and New Zealand, Damien Mu stated, “AIA Australia is pleased to be making a difference in people’s lives by supporting CSC customers when they need it most, while also seeking continuous improvement in customer experience. We’re a long-term partner of both CSC and SuperFriend, and we all have a big part to play in equipping people with the tools and skills they need to be well and stay well, in addition to supporting them through illness and recovery.”

CSC joins 23 other profit-to-member funds and eight group insurers in partnering with SuperFriend, an organisation created by the sector to reduce the impact and incidence of suicide and improve workplace mental health.

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