As of 9 June, FSP Portfolio Services has completed its transition to Oasis Asset Management Limited as the new administrator for the FSP Super Fund (the Fund) and FSP Prestige Plus IDPS.

The custodian for client’s assets has also changed, to HSBC Bank Australia Limited, and the insurance provider offering cover through the FSP Super Fund has changed to ING Life Limited.

The change to new service providers will bring a range of benefits for clients, including:
- more flexible options for reinvestment and distribution of income
- improved direct shares offer
- upgraded online access for clients to keep up to date with their investments
- the ability to split contributions with a spouse, if desired, in the FSP Super Fund
- access to additional margin lenders in FSP Prestige Plus
- reduced administration fees
- improved systems that will enable advisers to better manage client’s portfolios.

FSP Portfolio Services is excited about the opportunities this transition brings and looks forward to working with advisers to deliver improved outcomes for clients.