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Compliance

Bulk conversion offer proves popular

SuperCentral has revealed its bulk conversion program and online SMSF services that support advisers in achieving seamless compliance have experienced strong take-up in the marketplace.

The independent online SMSF deed and automated updated service provider today reported an influx of advisers using its program to place all their trustees on the online automatic update service, however, the jump to automation was not solely reform driven.

“Advisers are opting for innovative technology solutions that enable them to work smarter,” SuperCentral chief operating officer Nikki Rivers said.

“First and foremost, solutions that allow their SMSF trustees to continuously remain Superannuation Industry (Supervision) Act compliant and safeguarded against potential legal and tax problems and associated penalties, while simultaneously achieving time/opportunity cost savings, and most importantly mitigating their risk.”

Rivers said as 2018 unfolds, this trend will continue.

“[We’ll see the adoption of] well-informed compliance solutions that enable advisers to concentrate on cultivating deeper client relationships, which in turn grows their practice,” she said.

SuperCentral’s bulk conversion program includes legal review for all deeds requiring updates and conversion, guaranteed fund amendment powers and a dedicated service team.

It also significantly reduces the time and effort needed to undertake a conversion program when acquiring new SMSFs in large or small numbers, while the firm’s regular SMSF update ensures all SMSFs remain fully compliant into the future.

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