Outlook Financial Solutions wins contract
Dealer group Outlook Financial Solutions has entered into an agreement with industry fund Professional Associations Superannuation Fund (PASF) to supply financial education and advice services to its 450,000 members.
The Snowball Group subsidiary will provide PASF members with the “full gamut of advice, from simple to comprehensive advice, with the focus on fund-centric advice during the accumulation stage”, according to managing director Tony McDonald.
“That’s because this is a fairly progressive suite of funds that has twigged to the idea that people need advice specifically to optimise their position within the fund, and we have developed a suite of advice templates for that purpose.”
He said the agreement was representative of a trend where well-run funds were realising that the costs, time, effort and appropriateness of providing advice was questionable.
Comprising RecruitmentSuper and Accountants Super (including SMARTpension and Australian Enterprise Super), PASF covers professional services.
Newly appointed PASF chief executive Megan Bolton described the agreement as “a testament to our commitment to engage with and provide value to our members”.
Recommended for you
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
