Kinetic Super unveils intra-fund advice
Kinetic Super has announced the launch of an intra-fund advice service where members can get limited financial advice on their account.
Members can access limited financial advice on insurance cover, contributions or investment choices within the Kinetic Super account.
The super fund will provide the service under the financial services licence of Industry Fund Services (IFS), and authorised representatives from IFS operating within the fund's member experience team will provide advice over the phone or face-to-face.
"The service is an extension of the current service provided to all members who are increasingly seeking advice in areas such as insurance, investment choice and contributions," Kinetic Super CEO Megan Bolton said.
"The cost of providing intra-fund advice is factored into the current fund fees, which means it's available to our members at no additional cost."
Kinetic Super manages $2.6 billion in retirement savings for over 300,000 members.
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.