AMP subsidiary SuperConcepts has announced free assistance to SMSF clients who have suffered severe loss due to the recent Australian bushfires.
The pro bono service, which includes providing SMSF technical assistance, liaising with the ATO on SMSF compliance and lodgment related matters and, in some circumstances, the recreation of damaged or destroyed fund records, according to a statement.
The service will be available to both SuperConcepts clients and members of the general public who have had a major financial or personal loss from the bushfires.
The move from SuperConcepts comes days after AMP announced it would be offering free financial advice to people affected by the bushfires.
Further, SuperConcepts has also put together a disaster relief package for its clients impacted by the bushfires, which also involves waiving certain fees for clients directly impacted by bushfires.
SuperConcepts chief executive Lara Bourguignon said the initiative is designed to help SMSF trustees on their road to recovery.
“We have experienced technical staff in all states across many of the affected areas who would like to help people get back on their feet,” Ms Bourguignon said.
“SuperConcepts is passionate about supporting Australians through tough times and we’ll help those affected by this disaster however we can.”
APRA-regulated super funds could create better member outcomes by taking the sam...
Australian high-net-worth investors lost more money than their global counterpar...
The negative impact of COVID-related market volatility on clients’ super inves...