AIOFP members to advise retrenched Holden workers
Eight South Australian members of the Association of Independently Owned Financial Planners (AIOFP) have been appointed to give financial planning advice to Holden employees retrenched from the manufacturer’s Adelaide plant yesterday.
In addition, AIOFP associated outplacement company Australian Financial and Career Consortium (AFCC) has been appointed to provide outplacement, retirement and small business advice to employees seeking alternative employment.
Provision of financial planning and outplacement services to the retrenched workers is a clause in the relevant enterprise agreement between Holden and the Australian Manufacturing Workers Union (AMWU).
Holden will pay a fee of $300 for financial planning services provided to each retrenched worker and $600 for individual outplacement services, according to AIOFP executive director Peter Johnston.
Johnston described the AFCC appointment as “recognition by corporates of the advantages of integrating both financial planning and outplacement services to maximise the employee’s position”.
“In essence,” he said, “the financial planners will be collaborates with the AFCC outplacement counsellor to devise a financial strategy to suit each worker’s position.
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