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.
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.
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
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