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Superannuation research and ratings house SuperRatings has announced that its web-development subsidiary Toowards will be commercialising a within-super advice solution, with the first client scheduled to go live in the next two months.
Under the heading ‘A new world in mass superannuation advice’, SuperRatings said that the launch of the new product had been under development for more than 18 months and represented a web-based system offering limited advice consistent with ASIC Regulatory Guide 200.
It said that the product, named SuperAdviser, already had commitments from two major Australian superannuation funds, with memberships exceeding one million.
Commenting on the new product, Toowards director Graeme D’Costa said that with the majority of superannuation members in Australia looking for single issue advice, as opposed to full financial planning, the company had developed a system that could be used by anyone, whether it was a member, a call centre operator or a financial planner.
