The ATO has released figures indicating a 30% growth in unclaimed superannuation in the past two years and this trend looks set to continue unless super funds find ways to actively help their members consolidate.
To help address this increasing amount of unclaimed super, Adviser Network has developed SuperFusion Plus, a simple super consolidation tool which helps members to simplify their super in three easy steps. Adviser Network has integrated with the ATO’s SuperMatch 2 service to provide members with details of both their lost and known super accounts.
“Almost 15 million Australians hold superannuation accounts with over 40% of these people having at least two accounts” Duncan McPherson, CEO of Adviser Network said today. “By working with superannuation funds, we have developed a product they can use with their members to consolidate their super and simplify their retirement savings. Adviser Network has a proven track record with super consolidation tools with Super Fusion Plus’s predecessor successfully helping funds’ member consolidate their super for the past three years.”
Super Fusion Plus has been specifically designed to help funds provide an ongoing service to their members recognising that more and more members are utilising the fund’s services and need the flexibility to take action at their convenience. Super Fusion Plus is built with the member journey in mind, recognising the importance of providing a seamless offering.
“Adviser Network believe that superannuation needs to create a rhythm built on making it easy for members to become familiar through increased confidence.” McPherson said. “By working with super funds, we’ve built a series of digital advice and engagement applications like SuperFusion Plus to make it easy for members to take ownership of their future.”
As part of the Lonsec Group, Adviser Network, has a proven track record in developing products which have supported superannuation funds with digital applications from advice to calculators and super consolidation for over six years.
