POWERED BY MOMENTUM MEDIA
Super advice going online
|
New software is being introduced that will allow superannuation funds to take members right through to a draft Statement of Advice - all online and without needing to talk to a financial adviser.
Software group Decimal is in the process of rolling out software the group hopes will allow super funds and their associated advisers to take advantage of intra-fund advice rules. But the software isn’t restricted to limited advice, said Decimal managing director Jan Kolbusz.
Kolbusz said his software will bring super and advice businesses “within reach of our industry’s version of the Holy Grail” in creating a cost-effective way to provide personal advice to super fund members.
The software allows super funds to send members a personalised URL, through which they can access a secure web page pre-populated with their personal fund information. From there the member can access a range of functions, from testing what outcomes can be created from different investment strategies through to receiving a draft Statement of Advice.
Following the creation of a draft Statement of Advice, Kolbusz said the software allows the superannuation fund to direct clients to a planner of the super fund’s choice, whether internal or outsourced, phone-based or in person.
The company is now in discussions with a range of super funds about rolling out white label systems.
AUTHOR
Mike Taylor
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
