POWERED BY MOMENTUM MEDIA
AustralianSuper extends financial advice trial
Australia's largest industry super fund, AustralianSuper, says it is planning to gather financial advisers from the six dealer groups in its trial financial advice arrangement in an attempt to strengthen their relationship with the industry fund and to improve the services it offers to the advisers in the trial.
The trial arrangement involves Godfrey Pembroke, Matrix Planning Solutions, Dicksons Advisory, Switzer, Woods and Partners Financial Planning, and Paul Moran Financial Planning.
The discussions with financial advisers, to be held during April in Sydney and Melbourne, will explain the rationale for the trial and give an update on superannuation and upcoming legislation. AustralianSuper will also offer insights into their portfolios and performance.
AustralianSuper is also expecting questions about its recently announced member-direct offering and its focus on strategic asset allocation.
"We want to add to their depth of value for their client," said general manager of growth and new opportunities Paul Schroder.
A financial adviser portal is also being planned so advisers can observe the "full member experience" and execute strategies on behalf of a client.
AustralianSuper said it had full-time staff in its trustee office to field questions from financial advisers during the trial arrangement, as well as one staff member in Sydney and Melbourne working with the dealer groups.
Several hundred people have been attracted to AustralianSuper from the trial arrangement, Schroder said.
A full report on the trial will be tabled to the fund board in August.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
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.
The best interests duty and new class of adviser didn't make the cut for the pre-election DBFO draft bill; however, ASFA has used its submission to outline what it wants to see from the final package.
The peak body stressed that the proposed financial advice reforms should “pass as soon as possible” and has thrown its weight behind super funds providing a greater level of advice.
Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting; however, some admit the decision will be a close call.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.24 3 y p.a(%)
4
Pengana High Conviction Equities B
40.36 3 y p.a(%)
5
Pengana High Conviction Equities A
40.34 3 y p.a(%)
