Lonsec’s super comparator

Specialist investment research provider Lonsec, in partnership with superannuation research company SuperRatings, has released the Lonsec super comparator tool.

The tool is the first offering from a range of integrated solutions that will leverage the expertise of both organisations to meet the evolving needs of financial advisers.

The Lonsec super comparator is an online tool that allows advisers to easily compare all types of superannuation offerings based on a range of factors including fees and other costs, fund size, service providers, insurance features and investment options.

The tool spans the full range of superannuation funds and allocated pension products, including master trusts, industry funds, corporate funds, and government funds.

Its library application, which holds a comprehensive range of fund publications in one place, is a unique feature among superannuation tools in the Australian the market. Publications include Product Disclosure Statements, Supplementary Product Disclosure Statements, Annual Reports, Insurance Booklets and Investment Booklets.

Richard Everingham, General Manager – Strategy & Development, Lonsec Research said, “The launch of this tool is in direct response to the shifting business and regulatory landscape, as well as feedback from our clients who are looking for more specific information on superannuation funds. Advisers are moving to a more strategy-led advice process, but at the same time they are acutely aware that the regulation governing product recommendations is strengthening.

“When FoFA reforms phase-in later this year, financial advisers will be required to show they have considered a number of options for their clients. If a product recommendation is made, they will need to demonstrate that it places their client in an improved position. In this environment, having access to detailed product comparison tools, underpinned by quality research, becomes more important.”

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