NESS Super to deploy ‘best in class’ advice tech solution

NESS Super has hailed the forthcoming deployment of a “best-in-class advice” technology platform, promising its members tailored, scalable and low-cost digital investment advice.

NESS will partner with Otivo, a dedicated advicetech developer, to deploy its “low cost” and fully personalised advice platform within the intrafund scope.

NESS Super chief executive Paul Cahill hailed the solution as “a game-changer for our members, providing them with the tools to make confident decisions about their future with all their financial circumstances taken into account”.

The digital financial planning platform, to be offered in conjunction with NESS’s existing financial planning services, promises users tailored recommendations based on their unique financial situations.

Members will be able to access personalised recommendations to optimise their super investments, as well as contribution advice with personalised tailored strategies, including salary sacrifice and lump sum payments.

As well, the platform also incorporates personal insurance advice.

Otivo notes that its platform extends beyond superannuation, offering a “holistic approach to financial wellbeing”, and incorporating personal circumstances such as partner assets and debt.

For instance, NESS members will also be able to receive real-time advice on debts, covering credit cards, mortgages, and investment loans.

Otavio was also the chosen advice solution of Colonial First State’s (CFS’s) FirstChoice platform, with CFS clients able to access the solution for just $88 per year.

NESS Super, which counts 13,000 members and $1.2 billion in FUM with its origins in the electrical services industry, touts itself as “a profit-to-members organisation”, with all earnings returned to members.