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AustralianSuper extends financial advice trial
Australia's largest industry super fund, AustralianSuper, says it is planning to gather financial advisers from the six dealer groups in its trial financial advice arrangement in an attempt to strengthen their relationship with the industry fund and to improve the services it offers to the advisers in the trial.
The trial arrangement involves Godfrey Pembroke, Matrix Planning Solutions, Dicksons Advisory, Switzer, Woods and Partners Financial Planning, and Paul Moran Financial Planning.
The discussions with financial advisers, to be held during April in Sydney and Melbourne, will explain the rationale for the trial and give an update on superannuation and upcoming legislation. AustralianSuper will also offer insights into their portfolios and performance.
AustralianSuper is also expecting questions about its recently announced member-direct offering and its focus on strategic asset allocation.
"We want to add to their depth of value for their client," said general manager of growth and new opportunities Paul Schroder.
A financial adviser portal is also being planned so advisers can observe the "full member experience" and execute strategies on behalf of a client.
AustralianSuper said it had full-time staff in its trustee office to field questions from financial advisers during the trial arrangement, as well as one staff member in Sydney and Melbourne working with the dealer groups.
Several hundred people have been attracted to AustralianSuper from the trial arrangement, Schroder said.
A full report on the trial will be tabled to the fund board in August.
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