Equipsuper has signed an agreement with Health Super Financial Services to launch a new financial planning business.
Equipsuper has signed an agreement with Health Super Financial Services to launch a new financial planning business targeting its super fund members.
Equipsuper Financial Planning will operate as a corporate authorised representative of Health Super Financial Services.
Equipsuper's chief executive Robin Burns said the member demand for information about Government's Simpler Super rules were the catalyst for the new group.
"Over recent years, members generally have become acutely aware of the need to fund their own retirement and are seeking advice on everything from how much they will need for retirement to strategies for boosting their retirement savings," Burns said.
The new business will provide personal financial advice to members of the Equipsuper fund under Health Super Financial Services' Australian Financial Services Licence (the holder of an AFSL).
The financial planning service offered by both Health Super Financial Planning and Equipsuper Financial Planning will be a full advice model providing personalised advice on both super and non-super products.
All advisers are salaried employees and clients of both businesses are charged on a fee for service basis. Their services are also open to the public.
Equipsuper Financial Planning will be headed by Chris Winton, who has joined the group from Telstra Super Financial Planning.
Equipsuper Financial Planning is wholly owned by Equipsuper Pty Ltd, the trustee for the Equipsuper fund, which has over 40,000 members and over $4.3 Billion in funds under management.
Health Super Financial Services Pty Ltd is a wholly owned subsidiary of Health Super Pty Ltd, which is the trustee of the Industry Fund Health Super, which has over 200,000 members and in excess of $7.5 Billion funds under management.
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