Deakin forms salary packaging alliance
DeakinFinancial Servicesand salary packaging administration company, Salary Packaging Services Australia (SPS), have announced a strategic alliance intended to enhance the core business activities of both groups.
SPS is a salary-packaging provider that has been expanding its product set and distribution network over the past year.
SPS chief executive Vivienne Corcoran says the company provides cost and tax-effective products and services to employees, as well as managing the complex transactions behind them on the employer’s behalf.
“This new alliance with Deakin adds to our existing network of advisers and consultants across the country and will increase the number of people who can take advantage of tax-effective packaging,” Corcoran says.
Deakin has created a new management position to market and promote the service, appointing Jeffrey Morphett as national manager, salary packaging.
Morphett has a background as both an adviser and manager in organisations includingTower, FAI, Legal and General, and City Mutual.
“In this newly created senior role, Morphett will be required to manage all aspects of the strategic alliance with SPS and recruit a team of specialist ‘enrollers’ across Australia,” says Deakin Financial Services managing director Murray Hills.
Recommended for you
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect advice among the issues.
Whether received via human or digital means, financial advice is reportedly leading to lower stress and more confidence, according to Vanguard.
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
