Super growth for INGFP

ING Financial Planning(INGFP) has expanded its capabilities in financial planning with the addition of superannuation administration and consulting group, Super Concepts.

INGFP concluded the purchase of the group after it acquired the remaining 61 per cent, having held 39 per cent of the business for the past ten years.

Super Concepts business has concentrated on self managed superannuation funds and INGFP head Mark Spiers says the purchase is consistent with growth in that market which is reflected in interest by investors.

“This market has experienced phenomenal growth in recent years and will continue to grow, as many people are attracted to the idea of controlling their own financial future,” he says.

“Our intention is to build the business further and to incorporate it as a key part of INGFP, enabling us to provide a full range of specialised financial planning services to clients.”

The complete ownership of the Super Concepts business will increase the scope of INGFP, not just for its clients but also for advisers. Spiers says the INGFP network, which includesRetireInvestandPartnership Planning, will be able to leverage off its wider client base to reduce technical and legal costs across the board.

RetireInvest head of research Assyat David will take on the role of general manager of Super Concepts, assisted by the group’s four existing principals. A specialist superannuation technical manager will also be added to the wider INGFP group.