Superannuation fund administration software specialists Financial Synergy will be partnering with RewardSuper to produce an online solution specifically catering for self-managed super fund (SMSF) administration.
The firms will integrate Financial Synergy’s Acurity product, which currently manages more than 2.5 million super members and has $50 billion in funds under management, with RewardSuper’s RSDataWeb, an integration and automation tool to support SMSFs and accountants.
The collaboration uses RewardSuper’s SaaS online web solution to integrate transaction data and electronic data feeds, and will deliver seamless online administration for SMSFs, according to RewardSuper director Wolf Schumacher.
The UK aims to boost investments via Australia’s super fund sector, unlocking major bilateral business and growth opportunities.
The Future Fund has received government approval to internally manage transactions in Australian infrastructure and property, marking a significant shift in its investment approach after nearly two decades of relying solely on external managers.
The super fund has welcomed Robert Potter and Wayne Davy to its board of directors.
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.