Currently have 2 Super funds. A new fin.adv. has recommended rollover to another fund.
My main fund is performing well and better than that being suggested
He is naturally assoc with the 3rd fund so eager to recruit us. His fees work out to around $3000 pa while my current fund has a minimal fee and doesn't provide a financial adviser as such.
Both husband and I are retired and having done the Centrlink rhumba,feel our requirement for a fin adv is low.w Which option should we take ...?

Hi there,
I’m not a financial adviser so this is just an opinion. If you are already in pension phase then I wouldn’t be moving funds to chase returns and I wouldn’t moving to a higher fee structure either. What did you go to this new F.P. to try to find out?
Best regards
Scott

Hi Stan,

I am a financial adviser and second Scott’s response, if you feel your need for financial advice is low now given your stage of life what were you seeking in the first place?

You should only pay fees to an adviser you see value in. If there’s no value to you in the financial advisors fees then I’d stay away from them.

Regards
James