The super fund will allow members to fund their insurance premiums via rollover from their standard accumulation super fund.
Director of proposition at PPS Mutual Matthew Pilcher said the fund approach had been requested by younger graduate medical, legal, accounting and engineering professionals.
“We are thrilled to announce the launch of our highly anticipated Super Fund as it now allows us to offer a complete life insurance solution for eligible professionals,” he said.
The fund also offered flexibility for advisers who wanted to offer clients the option to pay premiums through super.
“The launch of the fund is an important step in allowing us to bring the mutual model to a wider selection of adviser clients and offer Australian professionals a radical reappraisal of how life insurance can work.”
PPS Mutual has appointed Sargon, a financial technology and infrastructure company as a trustee.
“Sargon is helping PPS Mutual navigate the complex and changing regulatory environment so we’re able to offer the best possible solution to our clients.
“We’ve chosen to partner with Sargon because of their strong compliance culture. Through the services they provide, we have more time to focus on our advisers and their clients,” said Mr Pilcher.
