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How Super Choice affects you
If you currently write super business, Choice could potentially affect you. You should develop a thorough understanding of the Choice legislation, its associated boundaries, the implications for employers and employees – and overall, the possible opportunities it presents for you.
You should also identify opportunities to gain new business and grow existing business by targeting:
- non-AXA and existing AXA business super employers seeking a new default fund
- non-AXA and existing AXA business super employees seeking an eligible Choice fund
- non-AXA and existing AXA personal members seeking to switch from a corporate arrangement to a personal fund or a personal fund to a corporate fund, and
- existing AXA personal and business super members seeking to consolidate multiple funds.
Choice presents opportunity to demonstrate the value of quality financial advice and the role it plays in educating individuals on the importance of super in their overall financial plan.
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