NEOS Life has announced the appointment of financial technology and infrastructure company, Sargon, as the trustee of the NEOS Super plan, its new insurance-only superannuation fund.
The NEOS Super Plan aimed to provide financial advisers with a pay-by-pay option for their clients’ NEOS Protection life insurance policy, the firm explained.
The company’s managing director, Brett Yardley, stressed the importance for financial planners to be able to structure a client’s life insurance policy through superannuation.
"Sargon is helping NEOS Life navigate the complex and changing superannuation regulatory environment so we’re able to offer the best possible pay-by-super solution to our customers,” he said.
“We’ve chosen to partner with Sargon because of their strong compliance culture. The services they provide also mean we have more time to focus on what matters to us; advisers and their clients.”
Sargon is a provider of trustee services, technology and infrastructure for financial institutions and entrepreneurs to help them grow investment funds and financial products.
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.