IOOF-owned Australian Executor Trustees (AET) has launched a self-managed super fund (SMSF) service, which the company said would alleviate much of the administrative burden currently assumed by advisers.
The AET SMSF offering features daily investment and superannuation administration, comprehensive fund establishment service, end-of-year tax and audit service and insurance administration.
The offering also includes three types of accounts: accumulation, transition to retirement and account-based pensions.
The AET stated accounts could be pooled or segregated, allowing one member to be in the accumulation phase, while another member is drawing a pension.
AET Super Solutions head of distribution David Storm said by bringing all the administration functions under one roof, the service had “taken the hard work out of SMSF management for advisers”.
“We’ve removed the paper chase and … our daily administration allows clients to login at any time to view their portfolio,” Storm said.
Storm added AET’s offerings provide both SMSF options, “giving the client the flexibility to be the trustee of their on fund or for AET to act as the professional trustee.”
