The Financial Services Union has successfully negotiated a new compensation package with Suncorp for GIO “heritage” employees.

This follows the insurer’s decision to move from six separate pay and entitlement models to one collective bargaining agreement.

The union has spent the past few months in talks with Suncorp negotiating compensation terms for workers affected by the changes.

The new offer includes an additional 15 days’ compensation for personal leave plus a number of options for long-service leave entitlements.