POWERED BY MOMENTUM MEDIA
Ignition Wealth focuses on SMSF compliance
Ignition Wealth is launching a high compliance self-managed super fund (SMSF) Appropriateness tool for automating the administration of the SMSF appropriateness process.
Ignition Wealth head of sales and marketing, Richard Liverpool said thanks to increased Australian Securities and Investments Commission (ASIC) scrutiny of post-Future of Financial Advice (FOFA), clients needed stronger guidance around SMSF compliance and simple-to-use technology services.
“The accountancy market has been urgently seeking a compliant solution for their clients seeking SMSF appropriateness guidance,” he said.
“Our clients are seeking smart technology solutions to drive efficiencies in their businesses and improve services to their clients.”
The SMSF Appropriateness tool would function as a learning solution and issue a recommendation to clients on whether or not they met the appropriateness criteria by analysing responses to learning questions.
Commenting on the launch, Ignition Wealth chief executive, Mark Fordree, said: “This is a client-centric solution that ensures that investors considering establishing an SMSF are engaged, educated and empowered.”
AUTHOR
Hope William-Smith
Hope is a journalist with Super Review. She has previously worked across a range of business and lifestyle titles. Hope has a degree in International Relations and joined the Super Review team after completing a Masters in Law, Media and Journalism.
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
