SMSF administrator trains Indian staff in RG146
Sundaram Business Services has announced plans to have more of its India-based staff certified under the RG146 financial services regime as the firm picks up more Australian self-managed super fund (SMSF) clients.
Sundaram is an administration company based in India, which provides accounting, paraplanning, portfolio administration and mortgage processing for Australian SMSF clients and larger super funds, among other clients.
The company currently has 200 of its 1200-strong staff dedicated to Australian financial services processing, but global head of business development Harish Rao said Sundaram plans to have around one third of its staff "Australia-compliant".
"We will soon have the largest Australian-compliant team available," Rao said. "This not only gives extra peace of mind to our clients, it creates terrific opportunities for our people, who are passionate about quality."
The move follows Sundaram's announcement last November that the firm started the process towards GS007 certification, which applies international standards to providers of investment management services and would allow the company to service larger super funds.
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.
