Following the recent announcement of the acquisition of KPMG’s superannuation member administration business OneVue has today announced the sale of its SMSF administration business to SuperConcepts.
As previewed at this year’s half yearly presentation the sale of operations such as OneVue’s RE to Equity Trustees and OneVue’s SMSF business to SuperConcepts are all part of a plan to sharpen OneVue’s focus on a fewer number of core business activities.
Connie Mckeage, Chief Executive of OneVue, said, “We like the SMSF business and its people but it will not receive the management attention required to really grow the business from here. As the market leader in SMSF administration SuperConcepts will bring the focus and additional services this business needs to really move forward so we are excited for both for the SMSF team and for their clients of which I am one. We look forward to building an even closer relationship with the SuperConcepts team.”
Natasha Fenech, CEO of SuperConcepts said, “The acquisition is consistent with our growth strategy, building the scale, reach and capability of our market leading administration offering to SMSF trustees. SuperConcepts now has a comprehensive suite of product and service solutions for SMSF trustees, accountants and advisers.”
For further information, contact:
Managing Director, OneVue
+61 403 609 965
Chief Financial Officer and Company Secretary, OneVue
+61 2 8823 2550
About OneVue Holdings Limited (ASX: OVH)
OneVue is an ASX listed fintech company that partners to disrupt across the superannuation value chain. The business operates through three core divisions: Fund Services, Platform Services and Trustee Services.
OneVue is number 1 in Fund Services managed fund administration and number 1 in Superannuation Trustee Services. Platform Services was recognised in Investment Trends’ December 2017 Platform Competitive Analysis and Benchmarking Report as ranking third in full function platforms, the winner of ‘Most New Developments’ Award for the second year running and winner of ‘Product Offering’ Award. In 2017, OneVue was awarded ‘Best Innovator’ in the Self Managed Super Fund Provider Awards.
OneVue Holdings Limited | ABN 15 108 221 870 | Level 5, 10 Spring Street, Sydney NSW 2000
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