Australian website design and development company, Toowards has launched an online superannuation advisory service called Super Blueprint as part of the launch of Intrust Super’s financial planning business.
Super Blueprint is linked to Intrust Super’s administration platform and allows members to view their personal details and investigate single issue advice options such as investment choice, contribution options, adequacy of insurance, retirement benefits, then generate an automated statement of advice (SoA).
Intrust Super chief executive Brendan O’Farrell said the online tool would provide members with a legitimate SoA.
Toowards director Graeme D’Costa said the product is the culmination of more than 18 months of design and detailed programming.
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.