MLC’s online technical resource visits by licensee and independent financial planners have increased by 104 per cent from the previous year since the 2016 Budget superannuation reforms.
MLC said the most popular technical content developed for adviser audiences were resources on transition-to-retirement and contribution caps.
NAB executive general manager of wealth advice, Greg Miller, said: “There’s a strong appetite among advisers for content that they can use with their clients to explain the super reforms. Infographics and written information for clients are particularly popular”.
“What our data tells us is that advisers are taking advantage of this opportunity to guide their clients through the changes, and really support them to understand what will happen in their individual circumstances,” he said.
“It’s great that our industry is embracing the opportunity to demonstrate why professional financial advice is so valuable.”
Miller said as the super reforms were so large it was far easier to navigate thanks to the resources and support advisers now had available to them.
“It’s not just written content; we have had hundreds subscribe to our upcoming webinars, and many more who will attend in person,” he said.
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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