BGL adds web-based deeds to service

Administration software company BGL Corporate Solutions is now extending its self-managed superannuation web-based deed-establishment service to clients of its Simple Fund 360.

The service enables users to establish an SMSF and update existing SMSF deeds and supporting documents with help from Melbourne-based law firm, DBA Lawyers. It has been available to clients of BGL’s Portal solution for five years.

DBA Lawyers’ SMSF specialists review and sign off on each SMSF deed.

According to BGL managing director Ron Lesh, the group offers the first automated SMSF document solution to be fully integrated with any SMSF administration software.

“We have taken our five years of knowledge and experience to build something exceptional for clients,” he said.

BGL’s Simple Fund 360 software administers approximately 75 per cent of Australia’s 508,000 SMSFs with assets over $350 billion.

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Regulator ‘closely scrutinising’ Sequoia’s second crack at selling InterPrac 

Regulator ‘closely scrutinising’ Sequoia’s second crack at selling InterPrac 

In a second attempt to offload its beleaguered financial advice licensee InterPrac, listed wealth management group Sequoia Financial Group has sold the business to Bellbird Australia. A deed of cross-guarantee with other entities in the Sequoia group has been revoked, raising the concerns of investors seeking compensation for losses in the failed Shield and First Guardian master funds.

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