The new Compare: Super module has been developed in response to feedback from advisers in regard to what additional value they wanted to get from the Coin system.
Coin has split the superannuation comparison feature into two modes. “One is a research mode and this is very good for advisers and their office to be able to use that to educate themselves on the features of products that are available in the market, to do research in terms of background and that helps with education,” Coin head of product and technology Robert McCabe said.
“The other mode is an advice mode and that’s with a client in mind. That can be a client across the telephone or in the office, or a client that is coming in the next day looking for a statement of advice.”
The insurance comparisons available are also offered in two modes.
“One can be in the fund or it can be outside of super as well. Essentially, this gives advisers options to present to the client and doesn’t necessarily force them down one path over another,” McCabe said.
Data for the super fund comparisons is being provided by Mercer and Rice Warner is supplying the information with regard to insurance.
Compare: Super is being offered to clients as an additional service and is being charged on an individual client-by-client basis.
