Advisers have most queries on super
Adviser queries relating to superannuation have surged 50 per cent since last year, according to BT Financial Group (BTFG).
BTFG said super advice and specialisation was brought to the fore thanks to the Federal Budget's super changes, the maturation of the super system, and the ageing demographic and increasing life expectancy.
BTFG's head of financial literacy and advocacy, Bryan Ashenden, said: "More advisers are seeking support around super and more advisers are providing super expertise generally".
"The spike in adviser inquiries around super, and specifically the Budget changes shows two things. First, advisers are acutely aware of what the pending changes are," he said.
"Secondly, advisers are keen to engage with their clients around the coming legislative change to strategic advice, and how their clients will be impacted."
Ashenden said when talking to clients, advisers should advise that the Budget changes will happen, super remained one of the best investment vehicles, and to not sit back and wait for July 2017 to deal with the new rules.
Recommended for you
The super fund has launched Retirement Manager, a digital advice tool helping members plan income, spending, and retirement confidence with integrated support.
APRA has warned retail super trustees that financial adviser involvement in recommending platform products does not diminish their obligations, as regulators turned the spotlight on the Shield Master Fund and First Guardian Master Fund during a meeting with fund CEOs.
AMP’s chief economist has unveiled a wish list for the Australian government’s Economic Reform Roundtable.
Australian retirees could increase their projected annual incomes between 3 and 51 per cent by incorporating personal and household data into their retirement income strategies, according to new research.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
