Bendigo Wealth has officially launched SuperAstute, a new end-to-end Self-managed superannuation fund (SMSF) administration service for trustees who really choose to ‘do super themselves’ or in conjunction with an accountant or financial planner.
The SuperAstute offering is essentially a ‘one-stop-shop’ that can take care of every aspect of running a start-up or an existing SMSF. SuperAstute can take care of establishing the trust deed and linked bank accounts, monitoring investments, monitoring contribution limits and end of year audit and tax return requirements.
Bendigo Wealth has also partnered with TAL to provide SuperAstute trustees with access to TAL’s award winning Accelerated Protection life insurance product range.
Diego Del Rosso, Bendigo and Adelaide Bank’s Senior Manager Strategic Partners & Wholesale, said “A growing number of Australians find the control they can have in running their own SMSF very appealing, but being a trustee is an important role with quite onerous responsibilities. It’s not for the time-poor or faint-hearted, so SuperAstute is there to make a trustee’s role easier.
“Everything is there within SuperAstute to provide trustees with everything they need to set up, administer, invest, audit and keep their SMSF compliant. It reduces complexity, it’s transparent and it gives trustees greater control and online functionality,” Mr Del Rosso said.
Julie McKay, Senior Manager Technical & Research, Bendigo Wealth said “SuperAstute is an affordable, end-to-end solution for SMSF trustees and their advisers that utilises cutting edge technology capable of providing an up-to-date overview of their fund.
“Bendigo Wealth has a number of existing products being utilised by people running SMSF’s and SuperAstute neatly consolidates the existing offerings in the one place. SuperAstute also provides a convenient dashboard which allows trustees to manage a range of investments and assists with compliance to keep their chosen investment strategy on track.”
“For trustees using a financial planner or an accountant to help them run their SMSF, managing the associated work flow is made easier with the ability to set up alerts that are triggered by either physical events or a nominated point in time to help keep the fund on track.”
“The traditional role of accountants and financial planners is shifting from the ‘once-a-year’ evaluation to a more comprehensive administration and advice solution. SuperAstute makes life easier for the trustee and their financial planner or accountant while containing administration costs,” Ms McKay said.
Brett Clark, CEO, Retail Life at TAL said “SuperAstute gives trustees and advisers access to TAL’s award winning Accelerated Protection life insurance product range within a best-of-breed online SMSF administration service, providing customers with comprehensive cover and premiums deducted directly from their SMSF. ”
“Bendigo and Adelaide Bank is a very important business partner for TAL. We share a similar passion for serving our customers and community that goes beyond just the products we provide. It is a partnership we really value.”, Mr Clark said.”
