Lonsec platform provides direct investment solution for super fund members
Catholic Super’s new investment service to provide flexibility over their investments.
Catholic Super members will soon have more control, choice and flexibility of their superannuation investments with Lonsec partnering with Catholic Super to provide an intuitive investment platform to allow members to invest directly in term deposits and ASX listed securities.
Catholic Super’s new investment service will provide members with far greater control and flexibility over their investments.
Catholic Super members will be investing through a fully integrated, virtual ‘marketplace’ where the buying and selling of financial products is not dissimilar to an online shopping experience, underpinned by Lonsec’s technology, broking capability and research.
The user experience is optimised for use on tablets and mobile devices, providing members with more flexible tools to assist in their decision-making. Other benefits include a full member messaging suite and real time document storage.
Jason Clarke, Managing Director of Lonsec Fiscal commented: “While many funds seem focused on a defensive member direct investment capability, we welcome Catholic Super’s decision to look beyond this initial product offer and build a superior long-term product capability through Lonsec to meet the future investment and product demands of their members.
Frank Pegan, CEO of Catholic Super Fund said: “The Lonsec solution is different from others in the market due to the control and flexibility members will have over their direct investments. Even more compelling for Catholic Super is the operational efficiency and lower cost structure the back end administration environment will provide.”
Catholic Super is a profit to members, public offer, superannuation fund with over $5 billion of assets and 70,000 members.
Lonsec’s capability is powered by OneTrust financial services. Lonsec is a member of the broader group of financial businesses that operate under the parent entity.