Switching superannuation funds is important for the consolidation of a person’s superannuation benefits. It is, however, essential for an adviser to be aware of any benefits their client may lose if they switch from one superannuation fund to another.
Description
Switching superannuation funds is important for the consolidation of a person’s superannuation benefits. It is, however, essential for an adviser to be aware of any benefits their client may lose if they switch from one superannuation fund to another. The ASIC guidelines set out the requirements when advising on switching funds. This includes ensuring that there is no loss of benefits for the client.
Your understanding of these requirements is vital when advising a client to make the correct decisions for their retirement benefits.
Key topics:
- Superannuation switching and best interests duty
- Reasonable investigation
- Statement of advice (SOA)
- Self-managed superannuation funds and switching
This one hour online course forms part of the FastClass short course suite.
Learning objectives
- Discuss superannuation switching with your client.
- Implement the compliance requirements when recommending switching superannuation funds.
Audience
This course is suitable for:
- accountants who are licensed to provide SMSF advice
- employees of accountants who are licenced to provide SMSF advice
- SMSF auditors
- trustees of SMSFs