Equipsuper has launched a new intra-fund advice service which will allow members to obtain limited financial advice on investments, insurance and contributions for a one-off fee.
Called Member Adviser, the service will sit between the general advice already provided through the fund’s helpline and the personal advice offered through Equipsuper Financial Planning.
Equipsuper will charge members $75 for a Member Adviser phone consultation, which includes a Statement of Advice.
The launch of the service coincides with the implementation of a new fee payment service, which allows members to pay the advice fee out of their accumulation account.
The fund recently appointed its first Member Adviser, Brett Hynes, to provide the service, but will look at increasing its resources depending on demand.
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.