IRESS' automated personal advice solution

Iress Market Technology Limited

IRESS has announced a new automated digital personal advice solution for super fund members.

The solution allows superannuation fund members to set their retirement objectives, review projections and then make choices to maximise their retirement outcomes.

Members are provided with a statement of personal advice. If they then decide to implement the recommendations, they can use the solution and monitor progress. The service extends to providing members automated personal advice for wealth protection, savings and debt management.

WA Super has already implemented the solution for retirement planning for its members through its online member portal.

"This solution, coupled with WA Super's use of our scaled advice solution XPLAN Prime, means they can provide their members a hybrid of heavily automated but personalised advice. It delivers opportunities for the fund to grow and scale its business as part of a multi-advice, multi-channel proposition," IRESS' managing director of wealth management for Australia & New Zealand, Tizzy Vigilante, said.