ESS Super has launched a personal financial advice service, leveraging Adviser Network's Australian Financial Services License (AFSL).
It expands the fund's member advice services from general advice via an ESSSuper member education consultant to providing wholistic advice through qualified financial planners, authorised representatives of Adviser Network.
Commonwealth Superannuation Corporation has also expanded its financial planning services for members of the CSS, MilitarySuper, PSS and PSSap schemes to include personal advice through Industry Fund Services. The move complements the recent launch of its retirement income products and new services including salary sacrifice.
State Super Financial Services has also opened a new office in Woden, Canberra expanding its face-to-face office network providing financial planning to current and former public sector employees and their families.
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.