On this page

People's Choice sells financial planning business to Fiducian

People’s Choice has entered into agreement with specialist financial services organisation, Fiducian Group, who will take ownership of People’s Choice’s financial planning business and provide ongoing support to members. 

The sale follows a thorough and detailed review by People’s Choice as to how to most effectively support members across all aspects of their financial requirements, including through the increasingly specialised discipline of financial planning. 

“As a member-owned banking organisation, our sole focus is on our members’ best interests,” said Steve Laidlaw, People’s Choice Chief Executive Officer. 

“With financial planning becoming increasingly complex and specialised, we recognise that over the long term our financial planning members will be best served by Fiducian’s dedicated resources and focus on meeting members’ evolving financial advice needs,” he said. 

Fiducian Group Executive Chairman, Indy Singh, was similarly positive. 

“Our vision as an organisation is to make positive changes to the lives of our clients and our staff. This is a very exciting step for our Group, and we have the expertise and experience to ensure it will be a success for everyone involved,” he said. 

“Our financial planning members can be reassured that the transition will be as seamless as possible,” Mr Laidlaw said. 

“There will be no change to their investments and they can continue to contact their usual financial planner as they normally would.” 

Fiducian has helped Australians plan for their financial future for 25 years and is taking this opportunity to establish a permanent presence in Adelaide. 

This means Fiducian will be offering roles to almost all People’s Choice financial planners, paraplanners and the support teams. The few who are not offered a role with Fiducian will be supported to find another suitable role. 

“We are extremely proud of the high standard and professionalism of our financial planning team and the outstanding service provided to members over the years. We are confident that our members will continue to receive first-class service and advice from Fiducian,” Mr Laidlaw said. 

Financial planning members do not need to do anything at this stage. Further information will be provided in the coming months to ensure they are fully informed. 

The full transfer to Fiducian is expected to be completed by February 2022. 

People’s Choice is Australia’s largest credit union with more than 390,000 members, $9.7 billion in total assets and approximately 900 employees.

Media Enquiries

People's Choice
Jonathan Revitt

Fiducian Group 

Need some help? We've got you covered. 

Get in touch with us and we can help you get the answers you need.