FAAA on QAR/super incentives

There is a definite benefit in super fund members being able to access financial advice that meets their simple needs. This might be a check of the asset allocation in their investment portfolio, or a review of their insurance needs. Most advisers would not be able to provide this type of advice at the cost that these members could afford. It is better that they get this simple advice, rather than going without advice. However they should know that it has come from someone who was not as well qualified as a fully qualified adviser and who was not able to advice on a broader range of products. These same members will hopefully come looking for financial advice from a fully qualified adviser when they have the ability to afford it. At least they will have a reasonable idea of what financial advice is and the value of advice.