Sample cover letter for Internship position at Aon

Dear member

Superannuation – your choice

As part of your remuneration package, [employer name] makes superannuation contributions on your behalf. These contributions are currently paid into your account in the Aon Master Trust and will accumulate over time to provide you with a superannuation ‘nest egg’ when you retire.

Most employees have the option to choose their own fund. If you want to, you can tell [employer name] which fund you would like your contributions paid to in the future.

It is not compulsory to choose a fund and if you decide not to make a choice, we will continue to pay your contributions to the Aon Master Trust on your behalf.

The award-winning Aon Master Trust offers a great range of investment options and flexible, competitively priced insurance cover. Members also have access to excellent communication, information and education services – online, face-to-face and hard copy. And, as a corporate fund, the Aon Master Trust’s fees are typically less than most retail funds.

If you would like your employer contributions to go to a fund other than the Aon Master Trust you need to complete the enclosed standard choice form. You can choose a super fund that is regulated by the Australian Prudential Regulation Authority (APRA), a retirement savings account (RSA) or a self-managed super fund (SMSF). Please read Section A of the form instructions to ensure that you complete your fund choice correctly and understand the fund documentation you need to provide.

Return your completed form and any required documentation to [payroll dept]. If the fund you choose is eligible to receive your contributions, [employer name] will start paying to your new fund within two months of receiving your correctly completed form. There is no time limit for returning this form, so make sure you take the time to make the right decision. If you do decide to complete the form and select another fund, you will have to wait 12 months before you can make another choice.

The amount that [employer name] contributes to the Aon Master Trust on your behalf is 9.5% of your salary. All costs and taxes associated with your superannuation are deducted from your account. If you choose another fund, [employer name]’s contribution level will stay the same. You will continue to meet all costs and taxes, although the amounts might be different.

Any choice you make only applies to future contributions. Your existing superannuation benefit will remain in the Aon Master Trust. While you remain a member of the Aon Master Trust you will retain your existing insurance arrangements and the charges associated with your membership will continue to be deducted from your account. If you are interested in transferring your existing benefit to your new fund, you should contact the Aon Master Trust’s administrator.

Selecting a superannuation fund is an important decision that should only be made when you have considered all the relevant facts. In particular, before you submit the form, make sure you clarify the death and disability insurance arrangements that will apply if you make a choice. It may not be possible to return to your current insurance arrangements if you change your mind later.

[employer name] is not allowed to give financial advice so if you have any questions about your fund choice or superannuation generally, you should talk to a licensed financial adviser. If you would like to discuss this with the Aon Master Trust, you can call them on 1300 880 588 or email [email protected]

Yours sincerely

[employer name]