❓ Mr. Wyatt questions the potential reduction of GESB's financial advice services, seeking clarification on closures, appointment cancellations, alternative advisors, and ongoing advice entitlements for past paying members. The Treasurer confirms GESB will continue providing information and support, but not ongoing financial advice.
AnsweredQoN 8484Legislative Assembly
QuestionView source ↗
(1) Is the Government Employees Superannuation Board (GESB) closing down or reducing its financial advice service to members, and if yes:
(a) why; and
(b) when will the financial advice service be withdrawn?
(2) Is GESB still taking appointments from members for financial advice, and if no, how many members have had their appointments for financial advice cancelled or referred to another provider?
(3) Is GESB providing members with alternative financial advisors, and if so, who?
(4) Can the Treasurer confirm that those members who have paid for financial advice from GESB in the past are entitled to ongoing financial advice at a reduced rate or at no charge?
(5) How many GESB members have previously paid for financial advice?
(a) why; and
(b) when will the financial advice service be withdrawn?
(2) Is GESB still taking appointments from members for financial advice, and if no, how many members have had their appointments for financial advice cancelled or referred to another provider?
(3) Is GESB providing members with alternative financial advisors, and if so, who?
(4) Can the Treasurer confirm that those members who have paid for financial advice from GESB in the past are entitled to ongoing financial advice at a reduced rate or at no charge?
(5) How many GESB members have previously paid for financial advice?
AnswerView source ↗
Answered
18 September 2012
Response time
34 days
The
Government Employees Superannuation Board (GESB)
advises:
(1) GESB will continue to provide, information, education and support to all members for GESB's super and retirement schemes.
(a) This is consistent with a Cabinet-endorsed recommendation in the Whithear Review which was published on 1 November 2010.
(b) Not applicable
(2) Yes.
(3) No.
(4) No. Financial advice is discrete and provided at a point in time.
(5) 3,128 GESB members have previously paid for financial advice.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
Government Employees Superannuation Board (GESB)
advises:
(1) GESB will continue to provide, information, education and support to all members for GESB's super and retirement schemes.
(a) This is consistent with a Cabinet-endorsed recommendation in the Whithear Review which was published on 1 November 2010.
(b) Not applicable
(2) Yes.
(3) No.
(4) No. Financial advice is discrete and provided at a point in time.
(5) 3,128 GESB members have previously paid for financial advice.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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