The FPA has entered into a national advice referral program with Sunsuper, following its high profile deal with industry fund Cbus.
The industry body today announced that under the terms of the referral deal, FPA Professional Practices will gain access to Sunsuper's 1.2 million members.
Sunsuper executive general manager, growth and advice, Michael Mulholland, said the arrangement meets a need for fund members to receive high-quality professional financial advice, in addition to the intra-fund advice services currently offered.
“We have long recognised the importance of financial advice in making a real and positive difference to the size of members’ retirement nest eggs,” Mr Mulholland said.“We also know that members have distinct advice needs at different stages of their lives and that these can best be accommodated through a face-to-face meeting with an adviser who can develop a plan that accounts for their full financial position.“We have our own in-house team of advisers based in Brisbane, Sydney and regional Queensland, but as part of the new arrangement, we will be looking to work with FPA Certified Financial Planners over a much wider geographic base who will advise and act in the best interests of our members.”
FPA chief executive Mark Rantall said the program will complement the deal already in place with Cbus.
“Each partnership brings us one step closer to the FPA vision that through our members, we stand with Australians for a better financial future,” said Mr Rantall.
The move will support the business’ growth in the local market.
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