Major planning software provider, IRESS has moved further into the superannuation fund space, announcing what it describes as a new automated personal advice solution allowing super funds to service members wanting superannuation advice digitally.
The solution has already been implemented by Western Australian fund, WA Super.
Outlining the new product, IRESS described it as a multi-advice, multi-channel solution, drawing on information within the fund registry, allowing members to set their retirement objectives, review projections and then make choices to optimise their retirement outcomes.
It said fund members would be provided with a statement of personal advice and could choose to action the recommendations using the solution and monitor progress.
The announcement said members could also receive automated personal advice for wealth protection, savings and debt management.
Commenting on the product, IRESS managing director of Wealth Management for Australia and New Zealand, Tizzy Vigilante said it highlighted the firm’s continued commitment to innovation in superannuation and advice
“This solution, coupled with WA Super’s use of our scaled advice solution XPLAN Prime, means they can provide their members a hybrid of automated but personalised advice. It delivers opportunities for WA Super to provide advanced digital services that empower members to make informed financial decisions.”
