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 central bank has released its decision on the official cash rate following its November monetary policy meeting.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
