Equipsuper expands financial advice offering

Equipsuper has launched a new intra-fund advice service which will allow members to obtain limited financial advice on investments, insurance and contributions for a one-off fee.

Called Member Adviser, the service will sit between the general advice already provided through the fund’s helpline and the personal advice offered through Equipsuper Financial Planning.

Equipsuper will charge members $75 for a Member Adviser phone consultation, which includes a Statement of Advice.

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The launch of the service coincides with the implementation of a new fee payment service, which allows members to pay the advice fee out of their accumulation account.

The fund recently appointed its first Member Adviser, Brett Hynes, to provide the service, but will look at increasing its resources depending on demand.

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