“While it has historically formed part of the broader Australian KPMG network, changing market dynamics make it more suited for growth with a dedicated, specialist superannuation business,” said KPMG chief executive Gary Wingrove.

KPMG Superannuation Services has about $2 billion in funds under management, and largely services financial institutions and APRA-regulated superannuation funds.

Mr Wingrove said KPMG staff have been offered positions at OneVue, which services SMSFs and APRA funds through administration and platform-based services.

KPMG Superannuation Services was launched in 1989, and is a separate service offering to the big four firm’s superannuation advisory business.

More to come. 

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