Starting this month super fund First Super's financial advisers will travel to locations around South Australia to meet with members at their homes or workplaces.
The fee for service member offering will be delivered through an arrangement with super financial services provider Industry Fund Services, and independent financial planning dealer group Infocus Wealth Management.
"Getting access to the right financial advice can be challenging for many people who may not have the time of resources to find -- and travel to -- a good financial planner," First Super chief executive, Bill Watson, said.
"Being an industry fund for the forestry and timber products sector, many of our members live in regional areas. We wanted to help our members, no matter where they live, have access to the best possible advice about their finances in retirement."
The service will initially be rolled out in South Australia and has plans to extend to other states.
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.
Jassmyn.
Prime Super, The superannuation fund for Australians in rural and regional Australia has been doing this for at least 3 years. We have two financial planners and 10 Regional Managers who spend most of their time in Regional Australia providing help, assistance and advice.
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