Is there a cost for financial advice?
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Simple super advice
For most over-the-phone advice about your AustralianSuper account, there’s no additional cost, as it’s included in your membership.
For more detailed retirement advice, such as transition to retirement and/or starting a pension account, a small fee may be payable from your super account.
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Comprehensive financial advice
Your first meeting with a professionally qualified financial adviser is complimentary – and all about you. Your personal and financial circumstances and what’s important to you are discussed. No personal financial advice is provided in your first meeting.
If you agree to proceed with personal financial advice, a one-off fee will be payable for the preparation of a personalised Statement of Advice (SOA). The actual cost may vary depending on the nature and complexity of the advice and will be agreed upfront in writing.
Where the advice relates solely to your AustralianSuper account, you can choose to pay for it from your account.
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Paying for financial advice with your super
Where the financial advice relates solely to your AustralianSuper account, you can choose to pay for it from your account. Alternatively, you can pay for the advice via credit card or BPAY3.
All fees are agreed to upfront.
What you get with comprehensive advice
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Getting to know you
Your first meeting is complimentary – and all about you. Your personal and financial circumstances and what’s important to you are discussed. Your adviser can then help determine the nature and complexity of advice you need and discuss any costs involved. No personal financial advice is provided in your first meeting. -
Setting a plan
Using information from your first meeting, and with your agreement, your adviser researches solutions available and develops a personalised financial plan called a Statement of Advice (SOA). This outlines the best way forward to meet your personal and financial goals and any costs involved. -
Presenting the plan
Your financial adviser outlines the recommendations in the SOA, and explains how the advice meets with your goals and is in your best interests. They also answer any questions you may have about the advice and the next steps needed. -
Taking action
Advice is only good advice if it’s put into action. Once you’re comfortable with the recommendations, your adviser carries them out and keeps you informed at every step.
1. There’s no charge for general advice about your super account. The financial advice you receive will be provided by MUFG Retire360 Pty Limited ABN 36 105 811 836, AFSL 258145 and will be their responsibility. Personal product advice provided may attract a fee, which will be outlined before any work is completed and is subject to your agreement.
2. Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.
3. ® Registered to BPAY Pty Ltd ABN 69 079 137 518