Mark Fisk’s Post

Insignia Financial has shifted to outsource the administration of its $180 billion superannuation assets, inking a deal with SS&C Technologies and reassigning 1300 workers to the service provider during the process. The decision stands in stark contrast to peers such as Aware Super, which recently internalised member services, but CEO Scott Hartley said that option is a “costly exercise”. #administration #superannuation #InvestmentMagazine https://lnkd.in/g-x3665c

🔎 Looking to convince prospects about the benefits of outsourcing #retirementplan services? Here's what you can tell them: 📉 Reduced Risks: Explain how outsourcing to 3(21), 3(38), or 3(16) fiduciaries helps manage legal responsibilities and reduces liability for investment decisions. 📈 Increased Objectivity: Highlight that third-party administrators act in the best interest of participants, reducing conflicts of interest and ensuring prudent decision-making. ✨ Enhanced Service Level: Emphasize that outsourced providers can dedicate more time and expertise to their plan than employees, who juggle plan tasks with other duties. ☝️ These points can help reassure prospects about the advantages of outsourcing. Read more in our full article! #Outsourcing #RetirementPlanning #FiduciaryServices https://hubs.li/Q02yhN860

It isn’t uncommon for new employees to drag their feet when it comes to nominating a super fund. Find out what to do to ensure you meet your obligations in the interim in our latest blog. #Superannuation #SuperChoice #Super #Superfund #Business

🌟 Rethinking SMSF Management: The Outsourcing Revolution with TRO Self-Managed Superannuation Funds (SMSFs) are the ultimate choice for Australians and Kiwis who want complete control over their retirement savings. But let’s face it – compliance, audits, and admin can be overwhelming. 💡 What’s the Solution? TRO. TRO is your trusted partner in SMSF outsourcing, seamlessly managing your funds while ensuring compliance, accuracy, and efficiency. ✅ What is SMSF Outsourcing? Outsourcing SMSF management means outsourcing administrative and compliance-heavy tasks to experts so you can focus on wealth growth and strategy. 🔑 Why Partner with TRO? 1️⃣ Regulatory Expertise: TRO ensures your SMSF complies with the latest regulations across Australia and New Zealand, giving you peace of mind. 2️⃣ Time-Saving Efficiency: Say goodbye to time-draining admin. TRO streamlines your processes, allowing you to focus on what matters most. 3️⃣ Cost-Effective Solutions: Forget the overheads of hiring full-time staff or maintaining expensive systems. TRO delivers exceptional service without high costs. 4️⃣ Tailored Support: TRO’s SMSF specialists understand your unique needs and provide personalized service every step of the way. 5️⃣ Scalable Processes: Whether managing a single SMSF or an entire portfolio, TRO’s solutions grow with you, ensuring consistency and quality. 🔥 The Future Is Here: With TRO, SMSF trustees and accountants across Australia and New Zealand are redefining success. It’s not just about outsourcing; it’s about unlocking a more innovative way to work and build wealth. 📩 Ready to Partner with TRO? Let’s revolutionize your SMSF management together. Message us today to learn how TRO can simplify your journey to financial freedom. Visit:https://lnkd.in/gEBCB4Wf #SMSF #TRO #Outsourcing #SMSFManagement #FinancialFreedom #AustralasiaFinance #Australia #NewZealand #ComplianceMadeEasy #EfficiencyMatters #RetirementPlanning #WealthGrowth

It is becoming increasingly important for employers to consider the legal issues that can arise where DB schemes buy-in, buy-out and wind-up. This short article sets out some of the key issues that sponsors should think about https://lnkd.in/e__W8YnH

Simplify Your Super Obligations! Navigating employee superannuation can be challenging for small business owners, but it doesn’t have to be. By following a simple checklist, you can ensure every payment is accurate, on time, and goes to the right fund—helping you avoid costly super guarantee charges (SGC). Need more tips? Head over to our blog to read more! #Superannuation #SmallBusinessTips #Compliance #BookkeepingAustralia

An employee stock ownership plan (ESOP) is a type of qualified retirement plan that invests solely or mainly in the stock of the business sponsoring the plan. However, an ESOP can also help business owners with succession planning because it facilitates the gradual transfer of ownership shares to heirs or employees in a tax-advantaged manner. Contrast this with a buyout, which usually occurs suddenly and demands a substantial amount of cash to change hands. ESOPs do have their challenges. Only C or S corporations can create one, substantial administration and compliance costs are involved, and independent plan valuations must support ESOP transactions. Contact us for more information. www.accountingfreedom.com

Excited to announce our planned acquisition of Iress’ superannuation business – a key step in Apex Group Ltd’s mission to innovate and advance the superannuation industry in Australia! 🔖 Read the news: https://okt.to/qKIAEg As we welcome the Iress superannuation team and their clients, our priority is to enhance member engagement and increase the capabilities of the market leading Acurity platform to better support our clients' needs. We look forward to building on the success of the superannuation business, leveraging our experience to deliver even greater value to members. 💬 Read our Founder and CEO, Peter Hughes’ comments on the news in the link above. Nick Happell Andrew Griffioen #Superannuation #Acquisition #ApexGroup #FinancialServices #Iress

Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership plans (ESOPs). An ESOP is a type of qualified retirement plan that allows employees to invest solely or mainly in their employer’s stock. Thus, the plans are available only to C or S corporations. On the plus side, ESOPs can help construction business owners gradually transition out of their companies. They also offer tax advantages for business owners and employees alike. However, there are risks to consider, including cash flow strain and compliance violations. #Consulting #Risk #BusinessResiliancy #Manufacturing #Construction #Business #LitigationSupport #BusinessConsulting #ExpertWitness #InternalAudit #TrialConsultant #DataAnalytics #BVal

Corporate history and academic business literature abound with examples of organisations becoming stifled by their own success. In FS Super's Expert Feed, Nous Principal Greg Joffe shares his thoughts on how superannuation funds can overcome common growth hurdles to take full advantage of their potential. Read the piece here: https://lnkd.in/gfzrcpqW #superannuation #growth #financialservices