A year of challenge successfully navigated. Incolink releases our FY20 Annual Report
Posted on Nov 12, 2020
Despite the challenges of 2020, Incolink has remained the industry’s safety net.
Our FY20 Annual Report, released today, highlights how we have continued to be there for members.
With the impact of the coronavirus, health and wellbeing assumed even more importance across our industry. The risk of a hard lockdown on our industry was significant and we worked with all stakeholders to protect our members, jobs and activity. We quickly moved to mobilise the Incolink Heath Bus into a vehicle for COVID-19 testing. Between April and June we tested over 18,000 workers, with testing continuing into the current financial year.
COVID-19 severely impacted financial markets in 2020 but we responded to limit the risk to the fund. After an initial 9% fall, when markets first reacted to the virus, we were pleased to end the financial year with a 2.1% return ($17.6 million)- a higher percentage return than the median balanced superannuation fund return.
Incolink's continued investments in training allowed the industry to see increased levels of skill and enables workers have more opportunities available to them. Something which is critical as we recover from COVID19
This year, Incolink has continued our focus on transforming our business to be even more efficient, purposeful and valuable to our stakeholders. The delivery of a new website, and improvements to the Incolink App and member portals are all examples of this clear focus.
In line with our goal to be paper-free, we are pleased to share this year's digital Annual Report.
Incolink continues to be able to be there for our members when they need us and thanks all of our members, stakeholders and supporters for their support in FY20.
Other news you might like
Oct 15, 2021
The Tasmanian Government has announced a 3 day lockdown for Southern Tasmania. The lockdown will take effect at 6:00pm AEDT Friday 15 October and will end ...Read more