POWERED BY MOMENTUM MEDIA
Spring FG adds NowInfinity to SMSF platform
Spring FG has added the NowInfinity technology to its mysuper247 platform to provide technical back and front end services and self-managed superannuation fund (SMSF) document development through Class Super.
The mysuper247 platform, which launched in July, would use the cloud-based technology of NowInfinity to provide agnostic capabilities, including the instant set-up of SMSFs.
Spring FG Limited head of marketing and communications, Samantha Clark, said that the collaboration would help the company achieve its long-term aims.
"The partnership has allowed us to build an unrivalled platform; the integration with NowInfinity has allowed us to achieve this," she said.
The collaboration would bring together the capabilities of eight financial services providers, including cash management accounts from Macquarie Bank which would provide a cash hub, and Australian equities (shares), options, warrants, interest rate securities and mFund investing through CMC Markets Stockbroking and Bell Direct's Desktop Broker platforms.
It would also include SMSF member personal insurance options from AIA, including life, total and permanent disability (TPD) and income protection.
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
