Superannuation fund administration software specialists Financial Synergy will be partnering with RewardSuper to produce an online solution specifically catering for self-managed super fund (SMSF) administration.
The firms will integrate Financial Synergy’s Acurity product, which currently manages more than 2.5 million super members and has $50 billion in funds under management, with RewardSuper’s RSDataWeb, an integration and automation tool to support SMSFs and accountants.
The collaboration uses RewardSuper’s SaaS online web solution to integrate transaction data and electronic data feeds, and will deliver seamless online administration for SMSFs, according to RewardSuper director Wolf Schumacher.
Deloitte Access Economics has raised concerns about the government’s recent changes to the Future Fund’s investment mandate, questioning the necessity and implications of the reforms.
An industry body has praised the strong backing from institutional investors for Australia’s transition to renewable energy.
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.