SEARCH
Super consolidation tool released by Adviser Network
Super consolidation tool released by Adviser Network
A digital tool that will allow superannuation members to consolidate their balances from multiple accounts has been created by Lonsec Fiscal subsidiary Adviser Network.
The new SuperFusion Plus tool is integrated with the Australian Taxation Office's (ATO) SuperMatch 2 service, and uses a three step process to consolidate both known and lost super accounts, the Adviser Network said.
"Almost 15 million Australians hold superannuation accounts, with over 40 per cent of these people having at least two accounts," said Adviser Network chief executive Duncan McPherson.
"By working with superannuation funds, we have developed a product they can use with their members to consolidate their super and simplify their retirement savings."
The Adviser Network said SuperFusion Plus was created to address the recent increase in unclaimed superannuation, which data from the ATO shows has grown 30 per cent in the last two years.
The release of SuperFusion Plus coincides with the launch of Link Group's SuperMentor tool, a digital advice platform "designed to provide online superannuation advice and motivate members to engage with their super".
SuperMentor provides members with a personalised 'to-do' list, real-time progress tracking, goal setting, education and advice, which Link Group chief executive of fund administration Suzanne Holden said would improve member experience by integrating advice across multiple touch points.
"Superannuation funds are increasing their advice offering as they recognise the provision of advice leads to greater member retention. Engaging and educating members not only improves their retirement outcomes, it engenders loyalty," she said.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
