Industry superannuation fund ESI Super has appointed Neil Purcell as advisory services manager.
Purcell has joined the $2.8 billion Queensland-based fund from financial advisory firm Q Invest, where he was an adviser and also had a stint as manager of the advice team.
As advisory services manager, Purcell will supervise the ESI Financial Services comprehensive and single-issue advice teams, consisting of six staff members.
Single-issue advice should not be confused with intra-fund advice, Purcell said.
"We are still doing [single-issue advice] under our advisory licence, so we are not using the intra-fund rules for that," he said.
He said he did not expect to add intra-fund services in the near future.
"At the moment we have the capacity to handle the intra-fund options that the government is looking at. Most advice issues are also a little bit broader than what the government is looking at," he said.
"We also had some investment into software and systems that allow us to do that quite quickly and efficiently. We think we actually add some value to some of the intra-fund options."
In March, the super fund appointed Deborha Kells as financial adviser to ESI Financial Services.
Kells also worked for Q Invest, where she was an adviser.
ESI Super is currently in the process of merging with $500 million electro-technology industry super fund SPEC Super.
