Platform provider, Federation Alliance, has launched superannuation platform, Federation Super, which joins its investment platform, Federation Managed Accounts.
Federation Alliance chief executive, Alan Kenny, said Federation Super provided superannuation administration that would allow investors and advisers to create an investment strategy to match their retirement goals.
"Federation Super's estate planning features include reversionary and non-lapsing binding death benefit nominations, and it provides access to a selection of insurers for retail individual life insurance policies," Kenny said.
Federation Alliance partnered with Australian Unity to launch Federation Managed Accounts, and platform investors can become shareholders in Federation Alliance.
Federation Alliance has more than $250 million in funds under advice as at 30 April.
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
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