NAB to launch SMSF set up service
The National Australia Bank's (NAB) online share investing platform, nabtrade, is launching a new administration service in conjunction with Heffron SMSF Solutions, aiming to reduce compliance and paperwork burdens faced by investors.
NAB general manager of self directed wealth, Nathan Walsh, said that the launch of the SMSF Establishment Service would decrease transparency risks and assist investors in the financial transition into retirement.
"We will continue to invest in enhancing our products and services to ensure customers have the best solutions to manage retirement savings," he said.
"The costs of the NAB-Heffron service are up front, so customers can see what they are paying for."
Heffron SMSF Solutions co-founder, Meg Heffron, said Australians would continue to need help navigating self-managed superannuation funds (SMSF) moving forward, with more than 30,000 new funds opened every year.
AUTHOR
Hope William-Smith
Recommended for you
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
