POWERED BY MOMENTUM MEDIA
Demand for UniSuper’s scaled advice gains traction
UniSuper’s scaled advice option has gained significant traction as younger members turned to their super funds for financial guidance, with the fund expecting scaled advice appointments to overtake comprehensive advice appointments in 2018.
Demand for the scaled advice offer has been recorded as up over 20 per cent from the previous year, primarily because it is a cost effective and simple way to receive tailored financial advice.
The increase was led by younger members who wanted an insight into their financial position to plan for the future, while comprehensive advice remained popular with members who looked for a more in-depth financial plan.
UniSuper executive manager, Jack McCartney, said the scaled advice model had encouraged more members to explore financial advice.
“It’s important to make advice accessible, and available through various channels, for members and their families at all life stages,” he said. “We have invested in our service model for this reason – opening more financial planning offices and broadening our digital and online support.”
Recommended for you
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
