NEOS Life appoints new trustee

NEOS Life has announced the appointment of financial technology and infrastructure company, Sargon, as the trustee of the NEOS Super plan, its new insurance-only superannuation fund.

The NEOS Super Plan aimed to provide financial advisers with a pay-by-pay option for their clients’ NEOS Protection life insurance policy, the firm explained.

The company’s managing director, Brett Yardley, stressed the importance for financial planners to be able to structure a client’s life insurance policy through superannuation.

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"Sargon is helping NEOS Life navigate the complex and changing superannuation regulatory environment so we’re able to offer the best possible pay-by-super solution to our customers,” he said.

“We’ve chosen to partner with Sargon because of their strong compliance culture. The services they provide also mean we have more time to focus on what matters to us; advisers and their clients.”

Sargon is a provider of trustee services, technology and infrastructure for financial institutions and entrepreneurs to help them grow investment funds and financial products.

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