Government fund First State Super (FSS) has selected Q Invest to provide financial planning services to its 500,000 members.
Q Invest will provide financial planning under the FSS Financial Planning banner.
"A number of financial planning organisations tendered to provide their services and, in the FSS board's view, Q Invest was able to offer the best and most comprehensive service for the needs of our members," FSS chief executive Michael Dwyer said.
The service provides members with a range of financial advice options offered by telephone or on a comprehensive basis.
All advice is charged on a fee-for-service basis.
For about $75, members can access phone advice on specific issues such as consolidation of superannuation funds, salary sacrifice and the fund's investment and insurance advice.
The cost for comprehensive advice varies depending on a person's financial situation, but the fee is typically around $2000, with ongoing advice costing $1200 a year depending on the complexity of advice.
"In times of disappointing investment markets, members want good value even more than ever. FSS Financial Planning delivers this through having a service which explains, upfront, the value of the service to members before the member proceeds to gaining advice," Dwyer said.
