HESTA implements free advice model
Major health industry fund HESTA has moved to provide free personal advice to members.
HESTA chief executive Anne-Marie Corboy said the service had been introduced in response to the increasing demand of members for greater information about their retirement savings.
She said HESTA represented one of the first industry funds to offer members free personal advice about their superannuation, and under the scheme members could access an adviser for personal advice on a range of issues including investment choice, voluntary or additional contributions, insurance and consolidation of accounts.
“Unlike some funds which charge members a fee for this limited financial advice, HESTA does not charge members for advice,” Corboy said. “We believe this is a unique service that is of great benefit to our members.”
AUTHOR
Mike Taylor
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(%)
