The most common way to accumulate superannuation today is via an employee superannuation fund. Under current legislation, most employees have the ability to nominate the fund that they want their superannuation contributions to go into or they can use a default fund which is selected by their employer.
For an employer this can be a logistical and potentially legal nightmare. It is in an employers interest to ensure that employees are offered a fund that is going to give them choice in investments, competitive insurance and flexibility in structure.
At Honan Financial Services we can assist you in selecting a fund that provides all of this and more. Our qualified and experienced Financial Advisers will meet with your employees to explain their investment options and the details of your default fund to them in as much detail as they require. For employees that elect an alternative fund we can generally arrange a clearing house service to take the paperwork away from you which will allow you to run your business.
Imagine making one payment for all of your staff irrespective of which fund your employees are in and leaving the distribution of funds to us.
At Honan we do not have a preferred fund; we prefer to select the fund based on your needs and your employees’ needs.
For your staff, we look to the fund to offer:
- Spouse and Family Accounts
- Wide investment choice
- Competitive fees
- Performance reporting
- Insurance options
- Online access
- Member support