Cbus launches in-house advice model
Industry super fund, Cbus, has launched a financial advice service model and is expanding its in-house advice offering later this year.
The fund for the construction, building and allied industries said it would recruit for 30 specialist financial advice service roles from next week, while the advice model would focus on "end-to-end service delivery".
Cbus said the new service model firmly aligned with the fund's aim to provide advice services "in the best interest of their members and to maximise their retirement outcomes".
The fund said it would set up an over-the-phone advice service later this year.
Cbus chief executive, David Atkin, said: "I am pleased that Cbus is taking more direct ownership of this important service for our members".
The fund began a trial referral arrangement with the Financial Planning Association in October 2013, before moving to a permanent arrangement for a national referral program in September 2014.
AUTHOR
Malavika Santhebennur
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
