The Emergency Services Superannuation Board, an industry pension fund, has accused Iress of causing it to lose members after a software error sent the wrong information to tax officials, and it says the ASX-listed technology group repeatedly breached its contractual obligations.
The fund, known as ESSSuper, is suing Iress in the Federal Court. Iress, founded in 1993 and listed on the ASX in 2000, provides software for financial advisers, along with trade order management products and registry services for superannuation funds.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
