The Financial Planning Association of Australia (FPA) has partnered with ING Direct to launch a pilot national advice referral program, which will connect ING Direct Living Super customers with FPA Professional Practices across Australia.
The nine-month pilot, which is slated to commence in January 2016, will be available to ING Direct Living Super customers who have asked for comprehensive financial advice.
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Under the deal, the cost of the first FPA adviser consultation will be at no cost for Living Super customers.
The pilot referral program will have only a limited number of places for FPA Professional Practices, based on geographic requirements.
ING DIRECT national partnership manager for residential and wealth Tim Hewson said the partnership is launching at a time when retirement planning is increasingly on the radar for all Australians.
"We see professional, independent, face-to-face financial advice as increasingly important to our customers in preparing for retirement, and we’re delighted to be able to offer this service as more Australians take up Living Super," Hewsona added.
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By GlobalDataFPA CEO Mark Rantall said: "The ING DIRECT partnership agreement has been modelled on the successful Cbus advice referral program and will help the FPA open more pathways to connect Australians to quality financial advice.
"I am very happy that we have been able to reach this agreement with ING DIRECT as it strengthens our ties with the superannuation sector and brings us one step closer to achieving the FPA’s vision that through our members, we stand with Australians for a better financial future."
