Lost Superannuation – What We Do for You
At Australian Lost Super we offer a very simple process for your superannuation consolidation. We use one of Australia's top providers, AMP, to offer you an automated and electronic way to bring your super funds together.
In order to get started we will set you up with your own personal Flexible Super account with AMP. This will be your own superannuation account into which we will consolidate all your funds. This account can also be used with your current and any future employers in order to keep contributing into your superannuation. This will prevent any future "lost super".
Once the Super Search is finished you will be sent an SMS or email with the results available on AMP "My Portfolio" and an email with instructions on how to log in.
Approximately ten days after this, AMP will initiate consolidation of all the superannuation found. A processing fee of $275 will then be deducted from your AMP Superannuation account; this is not billed to you directly.
In addition, for most clients we can offer a simplified process for automatic acceptance of insurance cover in your new AMP Flexible Super account.
Please Note: this website deals purely with general advice only.
General vs Personal Advice.
There are two broad definitions of types of financial advice in Australia. Financial advice helps you make decisions about your money and can be tailored to your situation (personal advice) or general financial information (general advice).
Personal financial advice
Personal financial advice is where an adviser makes recommendations for a financial service or product after considering one of more of your objectives, financial situation and needs. Where a financial adviser provides you with personal financial advice, they must provide you with a Statement of Advice (SOA). Your adviser will consider the information you have provided him/her, carefully consider your financial goals and provide the SOA in writing that sets out what your adviser is recommending and why they think it's suitable for you.
General financial advice
General financial advice refers to general information regarding financial products but is not recommended as to its suitability for the client. The product adviser does not select from a group of potential products which might be more suitable for the client in relation to their personal needs, circumstances or objectives.
General Advice Warning.
We are also authorised to provide personal financial advice on a fee for service basis to you if you prefer. Please contact us if you would like to discuss obtaining personal financial; advice before consolidating your superannuation.
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