Industry fund MTAA Super has announced it will work with trade unions and suppliers to offer free financial advice to former employees of Holden, following the iconic car manufacturer’s Australian exit.
The industry super fund will launch an assistance program including workplace seminars and one-on-one workplace meetings to answer general questions and access to a free meeting with a financial planner to seek out specific financial advice. MTAA Super chief executive officer Leanne Turner said the Fund would be working with GM Holden, suppliers and unions to ensure its members affected by the closures receive appropriate assistance as they deal with the redundancy process. “This is a challenging time for those of our members impacted by the closure, which is why MTAA Super is committed to rolling out a range of assistance measures to ensure they have access to the information and advice they need to properly deal with the announced redundancies,” said Ms Turner. “It is extremely important that all employees affected by these closures – both at Holden and elsewhere in the supply stream – receive appropriate advice.”Ms Turner said as part of the process, MTAA Super will be hosting seminars at affected workplaces, meeting individually with members to answer their questions, and providing access to financial planners. “We want to ensure our members are fully aware of the potential implications of their redundancy choices are able to choose the best solution for their particular situation,” she said.
Magellan wrapped up a tumultuous year with a 9 per cent drop in average funds under management.
With more still to come.
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