Iress has teamed up with a local super fund for a new integration designed to “improve adviser efficiency and make it easier for advisers to streamline onboarding of new and existing clients”.

The new integration consists of the investment software provider’s Xplan financial planning platform and Hostplus’ Self-Managed Investing (SMI) solution.

Hostplus said the tool will give advisers using Xplan the ability to “seamlessly initiate, complete and submit” their investor client’s SMI applications directly from Xplan.

Hostplus Group chief executive Paul Watson said the ability for advisers to integrate SMI data directly into Xplan, as well as the launch of a new adviser portal, underlines the fund's ambition to work with advisers and help reduce their time-consuming processes .

"We are constantly looking at ways to provide advisers with products, tools and solutions to help them achieve greater efficiency in their business and improve the service and support of their SMSF clients," said Mr Watson.

"Together, they form part of a comprehensive advisor support structure that we develop and implement to deliver quality service and investment decision results for advisors and their clients."

Ires' new partnership comes after the provider called off the sale of its UK mortgage business.

“We stated at the outset of this sale process that we would be disciplined both in terms of price and the credentials of the prospective owner. After a thorough and well-considered process, we have come to the conclusion that the best outcome for our shareholders, customers and people is for Iress to retain the business,” Iress chief executive Andrew Walsh said in April.

“The mortgage business continues to perform strongly, contributing £16.1m in revenue and £6.4m NPAT in 2021. In recent months, mortgage lenders have increased the range of options as lenders demand greater scale, efficiency and automation in mortgage processing.

Meanwhile, in the same month, Hostplus and Statewide Super announced the completion of their merger, resulting in over $81 billion in funds under management (FUM) and 1.5 million members, following the signing of a receiver funds transfer deed (SFT) at the end of last year.

Hostplus CEO David Elia called the merger "another milestone" for the company.

"Our focus is to continue to deliver outstanding results for our extended membership, including market-leading returns - particularly from our MySuper Balanced option, which is ranked number one for net investment results over 7, 10, 15 and 20 years," said Mr Elia.

Neil Griffiths

Neil is deputy editor of wealth titles including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.