NAB launches super clearing house
National Australia Bank has moved into the increasingly competitive superannuation clearing house market, announcing this week that it had launched NAB Super Pay.
The big banking group said the new service was designed to simplify superannuation payments for employers and ensure they are compliant with new government regulations and would be accessible to fund, employer and self managed superannuation fund (SMSF) customers.
Commenting on the launch of the new product, NAB Wholesale Wealth general manager, Nathan Gooley said NAB Super Pay represented a key pillar in the banking group’s investment in developing simpler products for Australian businesses to navigate superannuation regulation and reform.
“We understand the complexity and diversity of our super fund clients, so we’ve developed a seamless approach to connecting you with the right resources,” he said. “The platform recognises that no customer is the same, so employers can submit superannuation contributions using file extracts from their own payroll system.”
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