Advisers want to know more about super strategies
Superannuation is the number one topic financial advisers are looking for information about – especially issues surrounding excessive contribution, according to OnePath.
OnePath’s national technical manager for advice and distribution, Graeme Colley, said enquiries about excessive contribution came from advisers whose clients had received or are just about to receive contribution notices from the Australian Taxation Office.
He said clients often had a perception that the damage could be reversed by organising a refund of the money contributed from their super fund.
“The money is already in super and there is not a great deal you can do, but you can give advice around current contributions,” Colley said.
Colley had presented the top 10 topics advisers enquire about, with social security, aged care and estate planning all getting top five spots.
Estate planning and aged care are of more interest to advisers than ever before, particularly due to the transition to the fee-for-service remuneration model, according to Colley.
“Advice around estate planning is far more attractive because advisers are looking into forming partnerships with lawyers or accountants,” he added.
AUTHOR
Milana Pokrajac
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