Emergency Services Superannuation Board (ESSSuper) has commenced legal proceedings in the Federal Court against Iress and its wholly owned subsidiary Financial Synergy Holdings.
The proceedings are due to a dispute in accordance with the Platform Services Agreement between the two. The super fund enlisted Iress to provide its administration services in 2019.
In an ASX announcement on Monday, the technology company denied the claims made by ESSSuper and said it will file a defence. As of the release, Iress continues to provide the contracted services to ESSSuper.