IRESS is undergoing a restructure of management after successfully raising $85 million to acquire superannuation software provider, Financial Synergy.
The formal competition of the acquisition was successfully completed on October 31, with the Financial Synergy management team now assigned to various positions with IRESS.
Majority owner and founder of Financial Synergy, David Orford, has joined IRESS in a consulting role.
IRESS chief executive, Andrew Walsh, said: "The businesses are strongly complementary and we look forward to exploring together, opportunities in Australian financial services," he said.
"We welcome the Financial Synergy team to IRESS."
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
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