Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Restructure in progress at AMP SMSF

Katarina Taurian
12 January 2016 — 1 minute read

AMP SMSF is in the process of establishing a new board for the SMSF administration business, which looks set to include one former ATO heavyweight.

In November last year, AMP confirmed it had increased its ownership of SuperIQ from 51 per cent to 100 per cent, and increased its stake in SuperCorp from 20 per cent to 100 per cent.

“We are now focused on integrating the two acquired companies with our existing SMSF business. As part of this, we are in the process of establishing a new board for the SMSF administration business,” an AMP spokesperson told SMSF Adviser.

Advertisement
Advertisement

SMSF Adviser understands that former assistant deputy commissioner, superannuation at the ATO, Stuart Forsyth, will be on the new board.

It also understands that SuperIQ’s chief executive, Andrew Bloore, will be on the board, as well as chief customer officer at AMP Paul Sainsbury.

AMP has, however, yet to confirm these board appointments to SMSF Adviser.

Further details on the board's composition will be announced in the first quarter of 2016, the spokesperson said.

Read more: 

ATO tipped to up scrutiny on tax agents

‘Irrational fear’ impacting SMSF longevity risk: CSIRO

Restructure in progress at AMP SMSF
smsf logo
smsfadviser logo
join the discussion

Latest poll

What is the best solution to improve access to SMSF advice?

Website Notifications

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