DomaCom integrated with BGL

DomaCom’s range of investment offerings and retirement solutions for seniors have been successfully integrated with Simple Fund 360, the SMSF administration facility from BGL Corporate Solutions.

This new arrangement will allow over 200,000 Self Managed Super Funds access to DomaCom’s products via an automated feed between DomaCom funds and the Simple Fund 360 application, including DomaCom’s Senior Equity Release platform.

The Senior Equity Release product allows retirees to sell a part of their property to ease cashflow issues during retirement. In 2020, an ATO Administrative Binding Advice determined that any proceeds generated from the Senior Equity Release model could also be used to make a downsizer contribution to an SMSF or other super fund.

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