Australia-based Kinetic Super has rolled out a new intra-fund advice service for its members to obtain limited financial advice about their account.
The service will provide members limited financial advice on insurance cover, contributions or investment choice within their Kinetic Super account at no additional cost.
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Additionally, the new service will be offered and licensed via the AFSL of Industry Fund Services (IFS) and delivered by IFS Authorised Representatives working within the firm’s member experience team.
The service will also provide its 300,000 members additional options and support to enhance their retirement outcomes.
Megan Bolton, CEO of Kinetic Super, said: "Intra-fund advice gives Kinetic Super fund members access to financial advice about their super account, providing support and confidence to make informed decisions. Our intra-fund advice service is just another way we are moving to give Australians more control over their super.
"Now with intra-fund advice members can obtain more detailed advice regarding their Kinetic Super account. The cost of providing intra-fund advice is factored into the current fund fee which means it’s available to our members at no additional cost.
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By GlobalData"This service is an extension of the current service provided to all members who are increasingly seeking advice in areas such as insurance, investment choice and contributions," Bolton added.
