ING Grow super program gathers momentum
ING Australia’s Grow Member Value program, which supports advisers in consolidating client’s super accounts and making additional contributions to super, continues to gather momentum, delivering inflows of more than $204 million over three years.
Since the program began it has delivered $75 million followed by $164 million and, in its latest year, $204 million in increased inflows via rollovers, after-tax contributions, salary sacrifice contributions and employer superannuation guarantee (SG) contributions from personal super members, according to ING Australia.
“We are constantly looking for ways to support advisers and help their clients to increase their retirement savings. By addressing client needs in a targeted approach and making it easy to consolidate and contribute more to their super, ING’s Grow Member Value program delivered more than $162 million in rollovers plus an additional $42 million in after-tax, salary sacrifice and SG contributions," ING Australia head of retail platforms and employer super, wealth management, Mark Pankhurst said.
Recommended for you
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
Perth advice firm Integro Private Wealth has appointed a head of advice to spearhead a major business development initiative to expand nationwide.
AZ NGA has taken a larger stake in ex-AMP advice firm Geographe Financial Group, triggering leadership changes as it prepares for future M&A growth opportunities.
Over half of financial advice clients say they have found their adviser via a referral from an existing client, according to Dimensional.
