Deciding to get financial advice is an option that many people consider – particularly in the lead up to retirement.
Getting the right kind of financial advice can make a big difference. It can help give you more confidence that your planning is on track for the future, or if it’s not on track, it can help you put some strategies and goals in place to improve your outcomes.
Financial advice can also help you set and achieve your financial goals, make the most of your money, feel more in control of your finances and your life, avoid expensive mistakes and protect your assets.
The Australian Securities and Investments Commission (ASIC) MoneySmart website has some information and tools to help you when it comes to financial advice, including:
Understanding how to make the most of your financial future, at any stage of life, is important not just for yourself, but for your loved ones as well. With financial advice, you've got a professional on your side to help you get there.
Now is when you've got time on your side, starting your career and adult life. Learn more about how you can make a real impact on your financial future while you're young.
More responsibilities in life means more planning for your future and that of your loved ones. A financial adviser can help you make the best decisions for your circumstances.
Planning for your financial future is key at this stage, and it's important to take investments, insurance and super into account. See how a financial adviser can help you make the most of it.
Like dealing with any company or person providing a service to you, it’s important to feel comfortable with your financial adviser and of course, ensure that they have the right experience and qualifications to give you the level of service you need.
For defined benefit advice, in the first instance you may wish to call us to speak with our Advice team for general advice and if needed, they can help refer you to an adviser who specialises in defined benefit arrangements.
Once you have a short list of advisers, it's important to check their history, qualifications and current employment status before you approach them about getting advice. You can do this through the ASIC financial advisers register, which also includes details of what product areas they can advise on (check that these are the areas you're looking for) and whether they have been the subject of disciplinary action by ASIC.
If an adviser is not operating under a licence, do not deal with them. They are breaking the law and you will have little protection if things go wrong.
To help make it even easier for you to seek financial advice about your super, we offer members the option to have the fees you agree with any licensed financial adviser of your choice (for advice about your account in our fund) deducted from your account balance. This can be a tax-effective way to pay for financial advice, as fees are paid from your super rather than your take-home pay.
For more information (including terms and conditions), refer to our request to pay advice fee form.
Note: Fees cannot be deducted from a defined benefit account, but a fee in relation to defined benefit advice can be deducted from an Accumulate Plus or Retirement Access account if you have one.