The partnership will see IFS and Hostplus develop and deliver an updated financial advice and literacy model that includes an expansion of the Fund’s intra-fund and comprehensive advice solutions and a range of new services designed to meet the growing needs of the Fund’s broadening membership.
The enhanced model will enable more of Hostplus’ members to access high quality and affordable education, guidance and advice across digital, phone and face-to-face channels.
To complement its in-house expertise and experience, IFS will also act as a lead partner in selecting and assembling a team of the very best vendors and subject matter experts to help deliver the new model to Hostplus members.
Adrian Gervasoni, IFS’ Executive Manager, Advice Solutions said, this is an exciting time for IFS and Hostplus to continue to work together.
“For the last couple of years, we’ve been increasingly focused on encouraging and supporting industry funds to take a more human-centred design approach to their advice models,” Gervasoni said
“We’re absolutely thrilled to be selected as Hostplus’ partner to bring its next-generation advice model to life.”
Paul Watson, Hostplus’ Group Executive, Member Experience, said the expanded advice model is designed to benefit members’ financial interests and wellbeing, and especially in relation to their retirement.
“The Fund’s decision to appoint IFS as its preferred financial advice and education services partner is another win for our members,” Watson said.
“Following an extensive vendor selection process, we chose IFS as our partner to continue to deliver this important service to our members, given its thorough and applied knowledge of Hostplus’ advice model.
“IFS also has well-considered and applied risk and compliance competencies, and its shared vision and support for many of our key strategic advice objectives will assist in delivering on Hostplus’ future state requirements.
“Our focus is on delivering access to affordable, high-quality advice to our members to improve their financial wellbeing and maximise their retirement outcomes, always with their best financial interests in mind.”
Industry Fund Services (IFS) has been partnering with industry super funds since 1994 to help their members achieve a secure retirement. Our primary services include:
Contact: Csaba Baranyai, Chief Executive Officer & Chief Operating Officer, IFS
Ph: 03 9657 4280
Hostplus has grown to be one of the largest industry super funds in Australia. With 1.6 million members, more than 270,000 employers and $88.6 billion in funds under management, our scale and ongoing growth allows for low member costs and a broad range of investment opportunities.
To learn more, please visit www.hostplus.com.au