Ignition Wealth has launched its robo-advice platform after working and learning from industry superannuation funds.
The technology solution ‘Teams' is designed to support accounting, advisory, and administration businesses as they adopt automated financial advice.
Ignition Wealth chief technology officer, Mike Giles, said "through working with our industry superfund clients over the past six years we have learnt the importance of making tools and calculators easy for our partners to embed into their existing sites."
The firm said the technology would integrate seamlessly with the institution's existing software platforms.
"We looked at how to mimic the more mundane areas of data capture, to allow the customer to do more of the data entry and administration, and free the advisers' time up for evaluating and giving advice," he said.
"Through working with our industry superfund clients over the past six years we have learnt the importance of making tools and calculators easy for our partners to embed into their existing sites."
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
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