There is a symmetry between AustralianSuper’s securing a financial advice licence and appointing Michelle Levy as a non-executive director of its new wealth planning vehicle, AustralianSuper Advice.Levy authored the 2023 Quality of Advice Review – Final Report, which recommended that superannuation funds be permitted to collectively charge members for more personalised financial advice on a broad range of topics regarding investments and retirement strategies.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Super advice should not limit choice and competition for retirees
It’s difficult to imagine a super fund’s financial advice members encouraging people to invest in a different fund or financial product.










