AMP announces major acquisitions

AMP has confirmed to SMSF Adviser this afternoon that it has acquired two SMSF administration technology providers.

AMP confirmed it has acquired SuperIQ and SuperCorp.

The firm has increased its ownership of SuperIQ from 51 per cent to 100 per cent.

SuperIQ has 4,641 funds under administration.

“SuperIQ is an important driver for AMP in creating a seamless and best-in-market customer experience for SMSF administration,” an AMP spokesperson told SMSF Adviser.

AMP has also increased its stake in SMSF administration technology provider SuperCorp from 20 per cent to 100 per cent.

SuperCorp currently has more than 27,000 funds on its software platform.

“The purchase of SuperCorp allows AMP to develop a market-leading end-to-end service for customers, including a software-only option for administration,” the spokesperson said.

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