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Company Super Discounts and Finiancial Planners

Discussion in 'Superannuation, SMSF & Personal Insurance' started by quilb, 19th Jan, 2008.

  1. quilb

    quilb New Member

    6th Jan, 2008
    Central Coast, NSW
    Hi all,

    The company i am with gets a large plan rebate on super with MLC. I was wondering if this is only if i use the financial planner they specified?

    Whenever someone sets up an account through work it seems they call get the same person listed in the account as the financial planner. Would it be possible for me to submit a request through someone like invest smart or and have them set as the financial planner so that i get the benefits of the trail and other fee's instead of this person who doesn't do anything for me?

    Or would this mean that i lose the large plan rebate (a 0.60% drop in MER) ?

    I'm just wondering if the two are related?
  2. AsxBroker

    AsxBroker Well-Known Member

    8th Sep, 2007
    Sydney, NSW
    Hi Quilb,

    This is correct, you are in a Corporate Superannuation plan not a retail plan, which was set up by the planner who you are all listed with.

    Yes, under superannuation legislation, your employer must have a default superannuation plan and this is obviously it.

    You can't as an individual, your employer has the power to choose a financial planner on the corporate superannuation plan.

    Your corporate planner should be coming to your workplace at least once a year and doing presentations about superannuation.
    Only if you leave the corporate superannuation plan as this is what the large plan rebate relates to.
    Not really, your mixing the issue of who your planner is and which superannuation plan you are using.



    PS Before making an investment decision speak to your FPA registered Financial Planner.