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Some SMSF admin going offshore
Is the Australian superannuation industry ready to embrace offshore outsourcing?
According to Indian financial services outsourcing provider specialist Sundaram Business Services it is already happening, with the firm providing administration services for self-managed superannuation funds (SMSF).
According to Asia Pacific regional head of Sundaram Harish Rao, his company is gaining the SMSF administration work because of a skills shortage in accounting in Australia.
He said his firm was helping Australian accounting firms administer close to 2,000 superannuation funds, and the number was growing year by year.
AUTHOR
Mike Taylor
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