Business News

Spring FG adds NowInfinity to stable

Spring FG has added the technology of NowInfinity to its mysuper247 platform, which will give Australians the ability to instantly set up an SMSF, as well as pick and choose the services of other leading financial service providers.

The mysuper247 SMSF platform, launched in July, provides online SMSF establishment, operation and administration, access to investment options and ongoing fund management and reporting through Class.

NowInfinity’s role in the SMSF offer is to provide an expansive and agnostic technology capability to deliver seamless SMSF document development, and a highly technical back and front-end service through Class Super.

Spring FG head of marketing and communications Samantha Clark said the combination of mysuper247 and NowInfinity’s advanced technology and SMSF documentation marked the platform as the leading solution in the online SMSF space.

“We saw tremendous opportunity in providing a platform that facilitates seamless SMSF establishment in a number of minutes and truly believe the integration with NowInfinity has allowed us to achieve this,” Clark said.

“We are excited for what is to come and believe the partnership has allowed us to build an unrivalled platform.”

NowInfinity chief executive Amreeta Abbott said the firm aimed to provide technology solutions to pain points in the financial services industry.

“Working with Spring FG to solve a real challenge and turn-off for time poor Australians looking to set up an SMSF is a huge step forward,” Abbott said today.

It will bring together capabilities including cash management accounts from Macquarie, term deposits through Australian Money Market, and access to Australian equities, options, warrants, interest rate securities and mFunds via CMC Markets and Bell Direct.

SMSFs will also have access to direct residential property and a range of property loans from Spring FG Realty and Spring FG Finance, as well as fractional property through DomaCom.

A range of SMSF member personal insurance options from AIA Australia is also available.

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