AMP has continued to build out its SMSF arm, increasing its ownership of SMSF administration technology providers SuperIQ and SuperCorp.
“SuperIQ is an important driver for AMP in creating a seamless and best-in market customer experience for SMSF administration,” an AMP-issued statement said.
SuperIQ currently has 4,641 funds under administration, while SuperCorp having more than 27,000 funds on its administration platform.
“The purchase of SuperCorp allows AMP to develop a market-leading end-to-end service for customers, including a software-only option for administration,” the statement said.
The recent acquisitions follow the purchase of administration business Justsuper in July 2015. Justsuper had approximately 1,000 funds under administration.
AMP introduced a new strategy in regards to its SMSF arm in September 2014, marking organic growth and acquisitions as the way forward.
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