SuperConcepts launches admin tool

SuperConcepts has launched an administrative tool to help self-managed super fund (SMSF) members oversee investments more efficiently.

Connected Services gives members greater visibility and faster access to assets, in addition to bank accounts, term deposits, life insurance, managed investment schemes, investor directed portfolio services, securities and even peer-to-peer lending.

Existing SuperMate or SuperConcepts SMSF administration clients can use the platform free of charge to also access third-party products and services.

SuperConcepts chief executive Natasha Fenech said: "We know paperwork and administration can be a burden and we're committed to helping free up our customers' time so they can focus on what's important - making their investments work harder for them."

Fenech, who recently joined Macrovue's board, said the Connected Services platform has a single sign-on capability which reduces the time-consuming process of having to log on multiple times using multiple passwords.

"Connected Services allows SMSF trustees to manage, implement, monitor and report on their investments, anywhere and at any time from the one place."

Research SuperConcepts recently released with the University of Adelaide's International Centre for Financial Services revealed that SMSFs with more members tend to shun riskier equity markets and invest more heavily in cash, a lower risk asset class and one that more investors are familiar with.

Men are bigger risk takers than women and hold a greater share of assets in higher-risk investments such as domestic shares and property, the report said.

SuperConcepts general manager of technical services and education Peter Burgess said the results were interesting as they highlighted two behavioural factors - gender bias and group behaviour - which have a significant influence on the way members allocate assets.

Read more: SuperConceptsConnected ServicesInternational Centre for Financial ServicesMacrovueNatasha FenechPeter BurgessUniversity of Adelaide
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