WEEKLY WRAP: PEOPLE, PRODUCTS AND COMPANIES – Meet the AFA Adviser of the Year

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Mercer teams with superMate

Mercer has announced a business alliance with self-managed super fund (SMSF) administration provider superMate to offer their clients a faster and more efficient service to order actuarial certificates.

Supercorp’s cloud platform superMate will allow accountants, wealth managers and advisers who administer SMSFs for trustees to obtain Mercer actuarial certificates from the latest release of the superMate platform. 

The fund data will be sent automatically to Mercer at the time a certificate is ordered by an accountant or SMSF member, reducing the administration time required by many existing platforms from hours to minutes. 

David Anderson, Mercer's MD and market leader for Australia/New Zealand, said the SMSF market offers an opportunity to provide Mercer’s superannuation expertise direct to advisers and SMSF trustees.

“Setting up an integrated and seamless platform with superMate, with the efficiencies of Mercer’s automated in-house service, gives us the scale required to deliver a high quality, cost-efficient product,” he said.

Vanguard’s new ETF begins trading

Vanguard’s new fixed interest ETF has begun trading on the ASX under the ticker code VAF.

 “This new ETF joins our Government Bond ETF which we launched earlier this year, broadening the choice for ETF investors seeking to diversify their portfolio with this defensive asset class,” said Stephen Howard, head of Fixed Income at Vanguard Australia.

“VAF is a broad market ETF which includes allocations to Australian government, semi-government and corporate bonds.”

This new fund brings Vanguard’s range of ETFs for Australian investors to nine, with over half a billion in funds under management as at 30 September 2012.

Sunsuper named best for value

Sunsuper has been named by independent research group SuperRatings as the best value for money superannuation fund in Australia for the second year running, from a measured field of over 450 products.

“Sunsuper received the award based on solid investment performance and competitive fees as well as being market leaders in relation to engagement, advice and communication for and with members,” said SuperRatings CEO Nathan MacPhee.

“Whilst there are a number of excellent superannuation funds, Sunsuper continues to be a leading provider of end-to-end retirement solutions with an outstanding accumulation product, near seamless transition to retirement service, coupled with a well-tailored pension offering.”

Macquarie Wrap adds 23 new funds

In response to ongoing feedback from advisers and their clients for a greater choice of managed funds, Macquarie Wrap has announced it has added 23 new funds to its menu since the start of the financial year, taking the total number of managed funds it offers to more than 650.

This is one of a series of enhancements Macquarie Wrap has made to its platform to provide advisers with greater investment choice and improved functionality to help them work more efficiently.

Model portfolios have been enhanced to enable non-daily priced funds (NDPFs) to be included in model portfolio rebalance transactions, allowing advisers to transact on all managed funds held within models on one page. In addition, term deposits can also be included as part of a model portfolio.

These enhancements will allow advisers to review and transact on client accounts more easily by giving them a complete picture of their clients’ holdings within their model portfolios. This will enable advisers to better manage their client base and may bring benefits to financial advice businesses by driving efficiency at the broader practice level.

Macquarie Wrap has also introduced more flexible asset allocation options, bringing greater reporting control for advisers, which is particularly useful at client review time. Advisers can override the default asset allocation for managed funds and term deposits, building on the functionality that is already available for listed securities.


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