Guardian Financial Planning is offering free life insurance statements of advice (SOAs) to its advisers to help them deal with the Future of Financial Advice (FOFA) reforms.

The dealer group is also expanding its free paraplanning services to advisers to include any life insurance advice that is proposed within superannuation or as part of an investment strategy for the next 12 months.

Guardian EM Simon Harris says the moves are designed to enable advisers to spend more time with their clients, rather than dealing with paperwork.

“In a post-FOFA world, advisers are looking to build greater efficiencies into their business processes so they can invest more energy into spending more time with clients and growing their businesses,” he said.  

“The paraplanning service and free life insurance SOAs are aimed at meeting that need by taking some of the administrative burden, costs and complexities involved in preparing these documents.”

Guardian will match advisers with a dedicated paraplanner to provide a personalised service. This will include a three-day turnaround from receipt of an adviser’s request form to delivery of the completed SOA.

Mr Harris says the process has been tested with a number of selected advisers since May before being made available to the whole group.

Guardian has about 150 advisers nationally looking after more than 130,000 clients.