Industry Fund Financial Planning picks up mandate
John Paul
Large industry superannuation fund, Asset Super will introduce a single-issue advice service to members utilising the services of Industry Fund Financial Planning (IFFP).
Asset Super chief executive John Paul said IFFP had been selected via an assessment process that had looked at five difference financial planning organisations.
IFFP is the financial planning arm of the Industry Funds movement, which has pursued a strong campaign against the commissions-based financial advice attaching to superannuation.
“IFFP won the business due to the flexibility of their model, which will enable Asset to provide the service from our Trustee Office,” he said.
“Under this model, Asset can actively manage advice and service levels against member demand.”
“As more of Asset’s members approach retirement age and accumulate larger account balances, members have increasingly indicated an interest in financial planning,” Paul said.
“Our priority is to provide a quality service model to our members.”
He said he expected the implementation of the IFP offering to be in place by the end of July.
AUTHOR
Mike Taylor
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