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Asset Super chooses advice provider

Centering on single issue advice

Christine St Anne
By Christine St Anne
Tue 17 Jun 2008

The industry super fund has hired Industry Fund Financial Planning, as its trial period with Money Solutions comes to an end.  


Industry Fund Financial Planning (IFFP) are to provide single issue advice to Asset Super's 114,000 members.

Asset Super initially ran a trial period with financial planning firm Money Solutions, however IFFP was selected following a tender that involved five financial planning organisations.

"The decision was a difficult one as there were some quality offerings in the marketplace," Asset Super chief executive John Paul said.

In December 2006 IFFP appointed Money Solutions for a trial period, according to a fund spokesperson.

Money Solutions has a number of agreements with industry funds including REST, AustSafe, Club Plus Super, Christian Super and the Catholic Superannuation and Retirement Fund. 

IFFP is backed by 31 industry funds and provides in-house services to fund members.

"IFFP won the business due to the flexibility of their model, which will enable Asset to provide the service from our trustee office," Paul said.

Members of Asset Super will also have access to a full financial plan.

 

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