The $900 million industry fund for rural and regional Australia, Austsafe Super, has partnered with Money Solutions to provide financial advice for its members.
Money Solutions, a financial planning service part-owned by Austsafe’s administrator, Australian Administration Services, will make financial advice available to all of Austsafe’s 163,000 members. Part of a growing trend among superannuation funds, the initiative hopes to make financial advice accessible to a greater range of people. Austsafe will provide the first consultation free of charge, with members having the option to meet the cost of subsequent consultations from the balance of their Austsafe accounts. In a bid to improve its communication with members, Austsafe also announced yesterday the creation of a marketing manager role. The position will be filled by Kimberley Roberts, who has 20 years marketing and communications experience, most recently running her own communications consultancy.
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.






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