POWERED BY MOMENTUM MEDIA
ING Direct follows Cbus advice referral model
ING Direct's Living Super customers will be able to access advice through a pilot national adviser partnership with the Financial Planning Association of Australia (FPA).
The program, which starts next month, will connect Living Super clients, who request comprehensive advice, with a CFP professional with an FPA Professional Practice, FPA chief executive, Mark Rantall said.
"The ING Direct partnership agreement has been modelled on the successful Cbus advice referral program and will help the FPA open more pathways to connect Australians to quality financial advice," he said..
"I am very happy that we have been able to reach this agreement with ING DIRECT as it strengthens our ties with the superannuation sector and brings us one step closer to achieving the FPA's vision that through our members, we stand with Australians for a better financial future."
ING Direct national partnership manager, residential and wealth, Tim Hewson, said the program would help Australian plan for their retirement.
"In recent years we've seen an uptick in super consolidation and switching and increased demand for transparency and control," he said.
"Australians want to get ahead with their super, which aligns with our proposition about helping our customers to get ahead through value, fairness and transparency.
"We see professional, independent, face-to-face financial advice as increasingly important to our customers in preparing for retirement, and we're delighted to be able to offer this service as more Australians take up Living Super."
Under the partnership, the cost of the first FPA adviser consultation will be at no cost for Living Super customers, with initial participation in the pilot referral program set to be limited, based on geographic requirements.
AUTHOR
Nicholas O'Donoghue
Nicholas is a journalist for Money Management and Super Review. Nicholas has several years experience as a journalist, reporting and managing websites for various news publications covering the medical and pharmaceuticals sector.
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
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
