Nick Wendon, Insurance Manager (Superannuation), AMP, has been awarded this year’s prestigious ALUCA TurksLegal Scholarship for his outstanding essay focused on creating a sustainable insurance design in Superannuation.
In his paper, Nick investigates the role of insurance within superannuation and provides a guide as to how trustees can balance the need to provide financial protection to members and the possible depletion of a member’s retirement income.
Nick explores the diverse range of commentary from insurers, regulators, law firms, wealth managers, consultancies and trustees and combines this with his own first-hand experience to determine what he considers to be the critical industry response to ensuring the sustainability of the future of insurance design in Superannuation.
To celebrate the 10 year anniversary of the Scholarship, Nick will have the choice of a major cash prize of $10,000 or an overseas conference package valued up to AU$10,000 including return travel, accommodation, $1,000 cash and registration to one of the following conferences of Nick’s choice:
- 2017 Eastern Claims Conference in Boston, USA
- 2017 LOMA Life Insurance Conference in Florida, USA
- 2017 DI & LTC Insurers’ Forum in Maryland, USA
In addition to the major prize, Nick will:
- Be invited to sit on the judging panel for next year’s Scholarship; and
- Receive automatic membership to TurksLegal’s scholarship alumni program, Life Insurance Future Thinking (LIFT)
The 2016 Scholarship winners were appropriately announced at ALUCA’s National Conference held in Adelaide.
“The ALUCA TurksLegal Scholarship is a showcase of the knowledge, talent and creativity that make this industry excel and this year is no exception. Celebrating the tenth year of the Scholarship we were delighted to have received a high number of bright and insightful papers from insurance professionals from a wide range of industry leading companies” said Alph Edwards, a Partner in TurksLegal’s Financial Services practice and member of the scholarship’s judging panel for the last ten years.
“The judging panel faced a tough decision in selecting a winner this year due to the very high quality of the entries. However Nick tackled what is a really important question for the industry with intellectual rigour and a practical lens. In essence, Nick’s paper represented exactly what the Scholarship is seeking to unearth; innovative thinking that will positively impact the life insurance industry as a whole”.
The 2017 ALUCA TurksLegal Scholarship will open in July/ August 2017.