BGL adds actuarial provider to SMSF software
Self-managed super fund (SMSF) software firm BGL Corporate Solutions has added Bendzulla Actuarial to its actuarial certificate providers.
In May this year BGL upgraded its service to allow integration of an actuarial certificate into an administrator's SMSF software.
The firm's Simple Fund software automatically provides the data and supporting documents to Bendzulla Actuarial, which then provides the certificate to the client, BGL stated.
Actuarial certificates provide administrators with the percentage of income that is exempt from fund income tax for members receiving a pension, and this percentage is saved in the appropriate place in the software, according to BGL.
BGL managing director Ron Lesh said the firm would add further actuaries to the certificate process in the coming months.
Since incorporating the actuarial service more than 1,800 certificates have been obtained through this process, according to BGL.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
