UniSuper’s scaled advice option has gained significant traction as younger members turned to their super funds for financial guidance, with the fund expecting scaled advice appointments to overtake comprehensive advice appointments in 2018.
Demand for the scaled advice offer has been recorded as up over 20 per cent from the previous year, primarily because it is a cost effective and simple way to receive tailored financial advice.
The increase was led by younger members who wanted an insight into their financial position to plan for the future, while comprehensive advice remained popular with members who looked for a more in-depth financial plan.
UniSuper executive manager, Jack McCartney, said the scaled advice model had encouraged more members to explore financial advice.
“It’s important to make advice accessible, and available through various channels, for members and their families at all life stages,” he said. “We have invested in our service model for this reason – opening more financial planning offices and broadening our digital and online support.”
