Industry Fund Financial Planning (IFFP) will look to secure more planner arrangements with industry funds as part of its expansion strategy.
The firm has secured three new industry funds as clients: the Sisters of Mercy Staff Superannuation Fund, Aust(Q) and Connect Super.
"We will be looking to roll out our [financial planning] services to more industry funds as part of our strategy to increase the scale of the business," Industry Fund Services general manager David Haynes said.
Planners from the group are located in 30 locations nationally. The firm is backed by a number of major superannuation funds, including Accountants Super, AGEST Super, Auscoal, AustralianSuper, CareSuper, Cbus, HESTA, Sunsuper and UniSuper.
IFFP provides funds with either in-house planners or a referral service.
"Despite the continuing uncertainty surrounding the economic outlook, IFFP is still committed to further expansion of its embedded planning and telephone advice capabilities," Haynes said.
The firm also announced it would cap its hourly advice rates for a year. Fees will remain at $220 an hour.
"The decision to retain our fees was not taken lightly and is an acknowledgement of the all round pressure being felt by fund members," Haynes said.
