Early super access ROA now digital
The record of advice template launched by industry groups has now been launched as a digital solution to support advisers inundated with requests for advice on early superannuation access.
The Financial Planning Association (FPA) has partnered with Midwinter, Financial Mappers, and AdviserLogic to make the ROA template digitally available to provide advice more efficiently.
FPA chief executive, Dante De Gori, said: “The FPA understands that even with the relief provided by ASIC – i.e. the use of ROA and the extension of time from five days to 30 days – it will still be a difficult ask for members to be able to provide advice to existing clients on accessing super at the price point set”.
Financial Mappers designer, Glenis Phillips, said advisers could tailor the layout of the template by inserting their own practice branding, make format changes, and tailor the ROA to their clients’ financial position and goals quickly and efficiently.
“We are excited to partner with the FPA again to deliver a digital solution to minimise the time spent on bulky printouts and make the client experience more engaging by offering a streamlined template,” he said.
The Financial Planning Association (FPA), the SMSF Association (SMSFA), Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia and the Institute of Public Accountants (IPA) created the template for their members to help clients withdraw from their super if they were suffering financial hardship brought by the COVID-19 pandemic.
Recommended for you
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
Australia has marked a decade among the best countries for retirement, according to Natixis, but with high inflation threatening their retirement goals, a third say they would get professional advice to improve their chances.
