Professional Associations Superannuation Fund (PASF) has chosen Outlook Financial Solutions to offer both single issue and complex advice solutions to its 450,000 fund members.
The partnership highlights the growing need for cost-effective financial advice models that can be scaled up or down to suit the requirements of individual superannuation funds, Outlook managing director Tony McDonald said.
“We all know that the industry is grappling with simple advice to members as well as more complex advice depending on their needs so in this case we’re geared up to do both because that’s what we specialise in.”
The remuneration structure is based on a fee-for-service model, McDonald said.
The industry fund is committed to identifying ways to engage and provide value to its members and employers, according to PASF chief executive Megan Bolton.
“Our partnership with Outlook is testament to this,” she said.
PASF has $1.3 billion of funds under management and comprises RecruitmentSuper, Accountants Super and Australian Enterprise Super.
Outlook Financial Services is a subsidiary of the Snowball Group.
