Link Group has launched a digital advice product that aims to give more Australians access to easy and affordable quality financial advice.
The product, Super Blueprint 3.0, provides members with tailored digital advice in relation to their chosen superannuation fund.
Link Advice chief executive, Duncan McPherson, said Blueprint 3.0 “distils complex financial concepts into easy-to-understand advice,” delivered in a way that is “personal, familiar and compelling”.
He said the bespoke algorithm was built over the past decade and had undergone rigorous independent testing by a global actuary to ensure it provided the best possible outcomes for super fund clients and their members.
“Digital advice is a critical channel as we make advice more accessible and affordable for more Australians and is starting to play an important role in the hybrid advice experience being built by many superannuation funds, combining telephone and face-to-face advice with digital,” McPherson said.
Link Group said it would upgrade all its existing clients to Super Blueprint 3.0 over the next few months.
The Superannuation (Objective) Bill, which was to be finalised this week in the Senate, was sidelined on Tuesday (10 September), raising concerns in the industry that it will again be left languishing until the next election.
The $87 billion fund is encouraging companies to put appropriate plans and targets in place to address risk and create long-term value.
The strong market downturn in the first two weeks of the month has been followed by a swift recovery, according to SuperRatings.
The industry body is pushing for the Senate to pass the legislation this sitting fortnight.