subscribe to our newsletter

AMP SMSF acquires Supercorp admin business

06 November 2013 — 1 minute read

AMP's SMSF division has acquired Supercorp's SMSF administration business, the group has announced today.

AMP SMSF will wholly acquire Supercorp’s daily and annual administration business under the YourSMSF brand, which has 1,200 accounts, and take a 19.4 per cent stake in Supercorp’s software solution Supermate.

AMP SMSF Managing Director Paul Sainsbury said the acquisition reflected AMP SMSF’s focus on growth.


“Building scale and efficiency in our SMSF administration systems and processes is a priority for us as it will mean a better overall experience for our customers," he said.

“SMSFs are the fastest growing superannuation segment and the addition of a further 1,200 accounts through our acquisition of YourSMSF positions us well for further growth and cements our leading position in the SMSF administration market."

AMP is in the process of contacting Supercorp’s YourSMSF customers about the acquisition and both AMP and Supercorp are working on bringing the respective SMSF administration operations together, according to the announcement.

AMP’s Multiport SMSF administration business has been a long term client of Supercorp’s technology solutions and uses the Supermate software as part of its administration platform, AMP stated.


AMP SMSF acquires Supercorp admin business
smsf logo
smsfadviser logo

Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Earn up to 21 CPD hours, and learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Learn more

join the discussion

Latest poll

Do you have clients that are aged 65 or 66 planning to trigger the bring forward rules?


Get the latest news and opinions delivered to your inbox each morning

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.