IRESS is undergoing a restructure of management after successfully raising $85 million to acquire superannuation software provider, Financial Synergy.
The formal competition of the acquisition was successfully completed on October 31, with the Financial Synergy management team now assigned to various positions with IRESS.
Majority owner and founder of Financial Synergy, David Orford, has joined IRESS in a consulting role.
IRESS chief executive, Andrew Walsh, said: "The businesses are strongly complementary and we look forward to exploring together, opportunities in Australian financial services," he said.
"We welcome the Financial Synergy team to IRESS."
Cbus Super has unveiled Advice Essentials Plus, a new service offering affordable financial advice to both members and their partners.
The fund has launched a new tool to help deliver personalised financial education and digital personal advice to eligible members.
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose.
The Joint Associations Working Group has identified four key issues with the $3 million super tax that need to be addressed before the bill is legislated, including the major concern of taxing unrealised capital gains.