Another industry fund enters planning arena
Another industry superannuation fund has launched a financial planning business.
Intrust Super announced this week that it had launched Intrust360 a full-service, not for profit financial planning business.
Announcing the move this week, Intrust chief executive, Brendan O'Farrell said the planning offering would not be confined to super-specific advice and would be offering strategies "inclusive of direct investment in shares, property, aged care strategies and estate planning".
He said that, in addition, Intrust360 would offer an online advice system, which would give members free access to real time personal advice on superannuation, insurance and salary sacrifice options.
O'Farrell said Intrust360 would be charging only what it costs to run the business and would therefore be available at roughly half the cost of what a conventional planner would charge.
Allied to the InTrust announcement, one of the companies at the forefront of developing platforms to underpin intra-fund and scalable advice, Toowards said it had provided the super fund with Super Blueprint — its online superannuation advisory service.
It said that Super Blueprint had been linked directly to Intrust’s administration platform “allowing members to view current personal details as they investigate single issue advice matters such as investment choice, contribution options, adequacy of insurance, retirement benefits, resulting in an automated statement of advice”.
AUTHOR
Mike Taylor
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