SuperGuardian launches low-fee SMSF play
Specialist SMSF administrator SuperGuardian has launched a new product which it claims is designed to capture the exponential growth in the self-directed investor space.
It claims the new product, Xpress Super, provides a self-managed super fund (SMSF) service intended to rival the top end of the market but with lower-range fees.
Commenting on the new product, SuperGuardian chief executive Olivia Long said the product had been designed to deliver a pricing structure to rival the cheapest provider in the market.
She said it would offer free SMSF establishment, no fees in the first year, an annual $799 fee thereafter, daily online reporting and one-stop-shop trading, accounts and compliance.
"By developing a business model where a default trading platform, cash hub and term deposit service can integrate seamlessly, you create significant efficiency gains that can be passed on to the end client by way of extremely competitive fees," Long said.
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.
