ANZ plots new SMSF course
ANZ has signalled its intention to "become a key player" in the self-managed superannuation fund (SMSF) space, but last week sold its Super Concepts business to AMP-owned SuperIQ.
In divesting the Super Concepts business, ANZ said it did not regard the SMSF accounting, tax and compliance business as "being material to ANZ".
Rather, the bank's global wealth chief executive, Joyce Phillips, focused on the launch of a new digital solution, which she claimed would allow ANZ to provide clients with an integrated digital product that helped them manage all of their self-managed superannuation needs in one place.
However, the AMP-backed SuperIQ will partner with ANZ on delivering its new approach.
"This is a further step in our ambition to transform the wealth industry in Australia," she said.
"Digital and mobile technology is increasingly driving how we operate and how we serve our customers, and as their behaviours change, we're focused on finding new ways to better connect customers with their wealth."
Phillips said ANZ Self Managed Super would be made available to customers from early December 2013, and would deliver the ability for clients to have a full view of all SMSF assets and information in a single online dashboard, so that decisions could be made in real time.
As well, she said it would offer 24/7 access through an online portal, customised alerts, integration with other products and solutions and delivery of tax and audit capabilities.
Originally published by SMSF Essentials.
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