Energy Super ramps aged care advice
Thursday, 10 March 2016 12:40pm

The apparent and growing link between superannuation, retirement and aged care has led an industry fund to strengthen its financial advice arm for members' immediate benefit.

Energy Super's financial advisers have all completed the Accredited Aged Care Professional program, which incorporates training in creating solutions for clients investigating aged care scenarios for themselves and family members.

On top of the $6 billion fund bolstering its personalised advice to clients, financial advisers have used their training to roll out a series of free aged care seminars to members across Queensland.

Energy Super chief executive Robyn Petrou said aged care had become a critical issue for members in two distinct groups - those looking to plan for themselves and those looking to plan for their parents.

"From the overwhelming response we've had to our seminars, it's clear that Australians are crying out for help with this issue. For many it's something they've never encountered before and have been unsure where to turn for help," Petrou said.

"Initially we thought the interest would be predominantly from members aged over 60 years looking to plan their future, but we've had an equal amount of interest from members aged 40 to 50 years needing to help their parents. "

She added the fund's financial advisers are now fully equipped to provide advice solutions that draw on a strong understanding of the aged care industry, aged accommodation choices, and the services provided by ACAT, Home Care, Centrelink and Veterans' Affairs.

"For some of our members, there is an immediate need to understand the options available and the financial implications, including whether they need to sell the family home. For others, it's about gaining information to start the discussion with family members at home," Petrou said.

The fund is also investigating other ways to help members access the aged care help they need.

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