Financial Synergy has partnered with Statewide Super, providing the industry fund access to its software platform on a subscription basis.
In a statement, Financial Synergy said it will integrate its Acurity platform on a subscription basis for Statewide Super.
“No longer do trustees and funds have the same appetite to ‘purchase’ a platform with significant upfront costs and separate maintenance agreements,” Financial Synergy chief executive Stephen Mackley said.
“Our goal is to be the early adopter of this model and actively promote this option to industry moving forward."
According to the statement, the "software-as-a-service" model will allow Statewide Super to focus on fund administration and its members, rather than software development and maintenance.
Statewide Super chief executive Richard Nunn said: “Our core focus has always been our members and this is a great opportunity to take advantage of delivering one of the most competitive super fund administration platforms.”
Financial Synergy has opened a new managed services division to offer the new software model.
The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!
The government’s new approach to the Retirement Income Covenant might be all about providing trustees flexibility to tailor products to me...
A former ASIC executive and royal commission adviser has said the current financial services regulatory framework “can’t be made fit for...
The Your Future, Your Super performance test could put a number of superannuation funds at risk according to implementation manager, Paramet...