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Our Location
45 King St, Warners Bay, NSW 2282
Operating Hours
Mon - Fri: 9am - 5pm
Sat - Sun: Closed
The saying “don’t have all your eggs in one basket” is not necessarily referring to keeping your funds in different superannuation providers (i.e REST or AMP). The saying (when discussing superannuation & investments), could be more in relation to making sure you don’t invest entirely in one asset class such as International shares for example. It can be advantageous to consolidate superannuation funds together (where appropriate) and diversify funds across different asset classes such as Cash, Fixed Interest, Shares & Property for example. When discussing superannuation consolidation, each individuals needs must be taken into consideration and products must be researched accordingly to ensure there is no loss of benefit.
No, you cannot leave your superannuation to your friend unless you have drafted a Will (and stated this specifically in your Will) and nominated that your superannuation be paid to your Estate upon your premature death. There are certain people who are allowed to be superannuation beneficiary recipients under SIS legislation. If you are ever unsure, then contact one of our experienced Financial Planners to discuss this.
The financial services industry has changed over the years and it has become very compliance orientated and heavily regulated. Financial Planners are not usually allowed to give verbal personal advice. Personal Advice usually needs to be given in the form of a written recommendation, also known as a Statement of Advice (financial plan). This is not a bad thing as it ensures both clients and financial planners are really clear on what was originally wanted (by the client) and what was recommended (by the Financial Planner) and both parties then can sign off on this.
45 King St, Warners Bay, NSW 2282
Mon - Fri: 9am - 5pm
Sat - Sun: Closed
Progressive Financial Planners ABN 66 091 379 029 trading as Progressive Financial Planners is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706.
General Advice Warning
Any advice contained in this website is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice in regard to those matters.
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These links have been provided with permission for information purposes only and will take you to external websites, which are not connected to Progressive Financial Planners in any way. Note: Progressive Financial Planners does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.
Our Client Testimonials
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