Industry Fund Services has launched a new licensing model to help independent advisers better serve industry super fund members nearing retirement.Industry Fund Services (IFS) has unveiled a new licensing model aimed at strengthening the advice capability available to industry super fund members, as funds prepare for a wave of Australians approaching retirement.
The advice licensee to super funds has launched its Independent Adviser Licensing Model, targeting independent advisers who want to specialise in delivering advice to industry fund members with increasingly complex retirement needs.
IFS said Treasury data showing more than 2.5 million Australians will reach retirement within the next decade underscores the urgency for super funds to ensure members can access appropriate, high-quality advice as they transition out of the workforce.
The licensee positioned the initiative as a way to better equip super funds to support this growing cohort, particularly as many members seek guidance that differs from traditional wealth management models.
Adrian Gervasoni, executive manager of advice services at IFS, said super fund members’ advice needs are often distinct from those of high-net-worth clients.
“However, many advisers find it challenging to adapt their traditional advice models to meet these expectations profitably and compliantly,” Gervasoni said.
He said the new licensing structure is designed to address that mismatch.
“IFS’ new licensing solution bridges this gap by enabling independent advisers to deliver tailored advice under a trusted AFSL framework, supported by an efficient technology platform, robust compliance and training resources.”
Under the model, advisers will be supported to align their service offering with the priorities of industry fund members, focusing on education, decision-making and goal setting rather than complex portfolio construction.
IFS said the framework is intended to complement, not replace, existing advice and referral arrangements used by super funds.
“The pathway is not intended to displace or compete with existing super fund referral arrangements,” the group said.
The model also seeks to address the broader advice gap, which has become a growing concern for super funds as retirement balances rise and member needs become more sophisticated.
As part of a controlled rollout, IFS will initially offer 20 licensed positions. An expression of interest process will run through February, supported by information briefings outlining the operating model, standards and referral pathways.
IFS said the initiative represents a step toward ensuring more super fund members can access specialist retirement advice as the system enters a critical decade for member outcomes.
