Over half of Vision Super's financial advice meetings with members have taken place in regional Victoria over the six months to 30 June 2015, the fund said.
During this period the fund's financial planners conducted 1,155 meetings with members, and conducted 2,422 meetings this year alone — an increase of 991 since last year.
Vision Super's chief executive, Stephen Rowe, said the growth reflected a recent drive by the fund to reach out to its members, through seminars and open days at workplaces.
"The results have been extraordinary — a 70 per cent increase in direct provision of advice," Rowe said.
"More and more Vision Super members are choosing to put their trust in our financial advice services."
Rowe noted there was a growing awareness among the community about trustworthy financial advice.
Vision Super is an industry fund for local government and water authority employees.
While the Financial Advice Association Australia said it supports a performance testing regime “in principle”, it holds reservations about expanding this scope to retirement products.
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.
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