Software provider AdviserLogic has teamed up with researcher SuperRatings to allow advisers to compare different super products.
According to AdviserLogic, the research tool will provide advisers with the in-depth analysis and coverage required to make decisions about their clients’ superannuation arrangements.
AdviserLogic head of product development Daniel Gara said advisers must meet their obligations under the best interests duty, which in terms of superannuation options means they must be able to properly and extensively consider the many superannuation options available to their clients.
“The SuperRatings research tool now allows AdviserLogic users to do this quickly and efficiently,” said Mr Gara.
“We believe the SuperRatings research tool will dramatically reduce the amount of time advisers and support staff spend on entering and extracting client and industry data, making the process faster, more thorough and more efficient,” he said.
Mr Gara said that initially, AdviserLogic users will be provided with a link to access data from the SuperRatings website. “In the coming months, AdviserLogic will be developed to integrate all the necessary data within the solution,” he said.
“This means advisers can meet compliance obligations when comparing their clients' existing super to recommended super solutions.”
SuperRatings has long-established relationships with a range of industry, retail and corporate super funds, according to Mr Gara.
“The established connections SuperRatings have are really important to us,” he said. “It means they are able to obtain the data needed by advisers and interpret it in a way that can be compared and implemented easily.”
SuperRatings chief executive Adam Gee said the research company is pleased to be working with AdviserLogic by providing in-depth superannuation fund research, which will enable advisers to “offer quality advice covering both the retail and not-for-profit sectors”.
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