The National Australia Bank’s (NAB) online share investing platform, nabtrade, is launching a new administration service in conjunction with Heffron SMSF Solutions, aiming to reduce compliance and paperwork burdens faced by investors.
NAB general manager of self directed wealth, Nathan Walsh, said that the launch of the SMSF Establishment Service would decrease transparency risks and assist investors in the financial transition into retirement.
“We will continue to invest in enhancing our products and services to ensure customers have the best solutions to manage retirement savings,” he said.
“The costs of the NAB-Heffron service are up front, so customers can see what they are paying for.”
Heffron SMSF Solutions co-founder, Meg Heffron, said Australians would continue to need help navigating self-managed superannuation funds (SMSF) moving forward, with more than 30,000 new funds opened every year.
