The solution, drawing on information within the fund registry, allows members to set their retirement objectives, review projections and then make choices to optimise their retirement outcomes. Members are provided with a statement of personal advice and can choose to action the recommendations using the solution and monitor progress. Members can also receive automated personal advice for wealth protection, savings and debt management.
WA Super has become the first superannuation fund to implement the solution to deliver a personal advice service for retirement planning through its online member portal.
IRESS’ Managing Director of Wealth Management for Australia & New Zealand, Tizzy Vigilante, said: ”This delivery highlights our continued commitment to innovation in superannuation and advice. This solution, coupled with WA Super’s use of our scaled advice solution XPLAN Prime, means they can provide their members a hybrid of heavily automated but personalised advice. It delivers opportunities for the fund to grow and scale its business as part of a multi-advice, multi-channel proposition.”
IRESS’ automated personal advice solution directly integrates with its Acurity superannuation registry, providing super funds - such as WA Super - with one core platform and technology partner. This end-to-end platform reduces the risks associated with re-keying data between disparate systems, and the need to keep separate systems in sync with regulatory and product updates, thereby creating operational efficiencies for the fund.
IRESS’ automated personal advice solution has an open architecture so, through APIs, can integrate with other superannuation registry platforms, websites and portals.
WA Super is using the solution to provide members with access to online retirement planning advice; anytime, anywhere. The service is available to them online via their personal WA Super account.
WA Super’s General Manager of Distribution and Advice, Quyen Truong, said: “Our SuperClick Advice service, powered by IRESS, will suit a broad range of members looking to understand more about their retirement journey and the options available to move closer to achieving their retirement dream.
“From the fund perspective, it’s great to be first to market with IRESS’ new solution as part of our end-to-end fund administration and advice capability. This supports our growth strategy in a highly competitive environment.”
Cathryn van der Walt
+61 (0)402 327 633
IRESS Open will make it simpler and easier for clients to enable third-party applications to integrate to XPLAN.
The new client portal, available now through XPLAN, provides a contemporary, simple to use, front-end solution for businesses to engage their clients in a range of services digitally.
IRESS Limited reports 2018 half year results - top line growth, positive operating leverage, deliver +13% Segment Profit on pcp.
Our new initiative, IRESS Labs, means more users will be able to input directly into the design and development process and use future functionality in advance of general release.
Xinja, first to use IRESS' Mortgage Sales and Origination (MSO) home loan platform in Australian market.
Integrating data analytics solution Lumen with XPLAN means licensees can more quickly and easily identify actual and potential scenarios where advice standards are not being complied with.
Leading Papua New Guinea (PNG) financial institution Kina has expanded its implementation of IRESS’ Acurity Online, a new member and employer online facility, for more than 700,000 members.
Statewide Super and IRESS have partnered to complete the implementation of its Acurity superannuation administration platform which has seen a large number of members access their super information online.
IRESS today announced that it has launched an ebMS messaging service that provides superannuation funds with a verified integration pathway to send non-financial data directly to the Australian Tax Office (ATO).
IRESS Limited announced statutory net profit for the 12 months to 31 December 2017 of $59.8 million, up 1% over the prior year.
IRESS XPLAN now integrates with SuiteBox. Advisers who use XPLAN can meet and transact with clients virtually through leading digital workspace SuiteBox.
IRESS has today announced it is enhancing its training offer to include CPD point accreditation, as well as a new program of structured learning pathways.