Sunsuper and FPA make advice referral deal

Industry public offer fund Sunsuper and the Financial Planning Association (FPA) have announced they have agreed to a national referral program.

The partnership is the second of its kind this year after the FPA announced it had agreed to a similar program with the Construction and Building Industry Superannuation Fund (Cbus) in July this year.

Sunsuper's executive general manager for growth and advice Michael Mullholland said the partnership would allow the fund to establish direct relationships with FPA professional practices, and would add to the in-house financial advice service available at the fund already.

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"We have our own in-house team of advisers based in Brisbane, Sydney and regional Queensland, but as part of the new arrangement, we will be looking to work with FPA Certified Financial Planners over a much wider geographic base who will advise and act in the best interests of our members," Mullholland said.

The FPA will carry out an expression of interest process to all FPA professional practices to support Sunsuper, with the first referrals likely to start from January.

Many of Sunsuper's 1.2 million members will be connected to FPA professional practices and have access to advice from certified financial planners from across the country.

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