The financial planning industry will start working together to allow those currently excluded from getting advice to be included and the fear of providing complaint advice will dissipate, according to a panel.
Super giant calls for intra-fund advice expansion
Super giant calls for intra-fund advice expansion
Australia’s second largest industry fund has joined calls for intra-fund advice to be expanded to cover topics such as age pension entitlements, saying the service is an important “transition” for members looking for a low-cost introduction to professional advice.
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Addressing the ASFA virtual conference on Thursday, Aware Super group executive for advice Sarah Forman said the fund was urging the regulator to extend what was possible to in-house advisers when providing intra-fund services.
“Through the CP 332 submissions our fund, like others in the industry, has advocated for some expansion of what can be provided in that model,” Ms Forman said.