Financial advice for $88: Super funds launch low-cost tools

Michelle BowesWealth reporter

Sep 27, 2024 – 1.58pm

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Superannuation funds are boosting their financial advice offerings following a legislative change that allows them to provide limited personal financial advice and deduct the cost from members’ accounts.

At least three funds have unveiled new digital advice solutions following the first tranche of the government’s delivering better financial outcomes (DBFO) legislation that passed in July.

Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls.