Independent research from Roy Morgan has found many financial advisers are pushing in-house products, and recommending retail super funds to their clients.
Vision Super member Des, 62, describes how he was approached by his bank after his 60th birthday with an offer of carrying out a ‘financial health check’.
“I had a couple of meetings with them and a lengthy report was prepared which proposed a process called transition to retirement. It was never explained to me that this whole process could be done through Vision Super and it would not cost me the fees the banks have charged," he said.
I guess part of the issue is trusting the financial advisers to do what’s best for you and that certainly was not the case with the bank. I switched back to Vision Super after realising that the costs would be dramatically lower and it is a very much more personal service.
Vision Super financial advisers are different. Our advisers are members of the fund, and they’re never paid commissions or bonuses – so you can always be sure if they’re recommending something, it’s because it’s in your best interests, not because they’re getting a kickback.
Which is why we can guarantee that Vision Super financial advisers will always act in your best interests. That’s a guarantee a lot of advisers can’t match.
The right advice, when and where you need it
Getting advice about your super doesn’t have to be scary. Our fully qualified advice team are here to help you on every aspect of your super, from the simplest question through to a comprehensive financial plan.
To learn more about Vision Super's financial advice services, head to www.visionsuper.com.au/advice