The closed beta for the SMSF administration tool was released in early August, following BGL’s signing of 15,000 accounts to its bank data service.
“We have been working hard to get our clients ready for Simple Fund 360,” said managing director Ron Lesh.
BGL has also been working with its business partners to integrate a range of services into Simple Fund 360 and has completed a series of seminars where Simple Fund 360 was shown to approximately 1,000 clients.
“Actuarial certificates, performance reporting and property data are just the beginning… there will be a number of announcements of new data and other services over the next few months,” said Mr Lesh.
Simple Fund 360 will be available to all BGL clients in the fourth quarter of this year. Clients administering approximately 30,000 funds have committed to the service, according to the announcement.