First State Super (FSS) is considering offering its 530,000 members intra-fund advice services.
"We are certainly exploring that at the moment," FSS chief executive Michael Dwyer said.
"With the Cooper review recommendations in mind we recognise that - with a larger membership like ours, who do use the internet and telephone regularly - intra-fund advice is a logical option to consider, so we are putting some time and effort into researching that at the moment," Dwyer said.
But he did question whether intra-fund services would add a significantly different service than the ones the $18 billion super fund already offers through its advice arm, FSS Financial Planning.
"The model that we've got with FSS Financial Planning is a fee-for-service model where we charge a flat dollar fee for the financial planning. That service already incorporates a telephone-based service wherefore a range of topics can be asked," he said.
FSS members can make use of a specific advice service which covers a limited range of issues including salary sacrifice, voluntary contributions, co-contributions, spouse contributions, investment strategy and withdrawals, against a flat fee of $75.
"In a sense we already have a version of intra-fund advice," Dwyer said. "In light of the Cooper recommendations, it is just determining how we can enhance that."
