OneVue partners with Super Concepts
Advisers struggling to get timely and accurate information on members' contributions may be assisted by the partnership between OneVue’s administration service and Super Concepts.
The integrated OneVue/Super Concepts SMSF Service simplifies the self-managed super fund (SMSF) establishment process, manages compliance requirements and streamlines member accounting, auditing and reporting, OneVue head of transition strategy Brett Marsh said.
According to Super Concepts general manager Paul May, the service can handle all financial investments, including rental properties and alternative assets such as property warrants.
“It is also capable of recording any borrowings in the fund and reports member balances online,” May said.
London Partners was one of the first licensees to take up the offering. London Partners managing director Steven Rowley said “the modular nature of the service means that accountants and advisers can choose which services they would like to outsource while retaining those for which they have in-house expertise”, he said.
The integrated OneVue/Super Concepts SMSF service will be available to advisers and accountants this month through the OneVue administration service.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
