Independent, concise and free superannuation industry news from QMV.

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TECHNOLOGY
VicSuper has become the first
Australian superannuation client
live on the Sonata wealth
management platform,
following an 18 month project
to migrate two of Bravura’s
heritage systems for
accumulation and retirement
income products. According to
Bravura Solutions, this release
positions VicSuper at the
forefront of Australia’s
superannuation industry with a
sophisticated, in-house
administration system that
provides a consolidated view of
member data.
Source: Bravura Solutions
DEMOGRAPHICS
The Australian Institute of
Superannuation Trustees (AIST),
in conjunction with BNP Paribas
Securities Services, have
undertaken research to identify
key longer-term issues faced by
asset owners and managers, in
their whitepaper 2025: What will
the superannuation Industry
look like in a decade?
Among the findings, variation in
demographic shifts by region
and country is expected to
create offshore investment
opportunities, and technology
advances will personalise each
members fund experience.
Source: APRA
SUPERSTREAM
The ATO has released its register
of SuperStream certified
products. This register lists
certified products including
payroll, clearing houses and
other providers. The register
currently includes 19 payroll
software products and 8
clearing houses or other
products.
Source: ATO
FINANCIALADVICE
AMP Capital has launched a
website to assist financial
advisers in their conversations
with clients about how to
achieve their goals through
different investment strategies.
The site helps advisers identify
the client's goals, risks and
priorities. It also includes reports
on the tangible outcomes,
rather than their performance
against a benchmark.
Source: Financial Standard
BOARDREPRESENTATION
The Boardroom Diversity index,
a measure of women on
boards, has shown a 5.7 %
increase in female board
representation in the
superannuation sector over the
past year. Of the 135
Superannuation Trusts
measured, 254 of the 955
trustees were female (26.5%).
Source: Women on Boards
SUPERMARKETING
Superannuation funds are at risk
of being viewed as
homogenous by their members,
and need to tailor their offerings
to remain relevant and
engaging, according to new
research from CoreData. The
report found that 40.6 per cent
of pre-retirees and 32.4 per
cent of post-retirees were
unsure which fund would afford
them the best overall offer in
retirement.
Source: Financial Observer
APPOINTMENTS
The Australian Prudential
Regulation Authority (APRA) has
announced a number of
changes to its senior executive
team. Steve Matthews has
been appointed Executive
General Manager, Corporate
Services. Mr Matthews has been
APRA’s Chief Financial Officer
since November 2010. APRA
also announced changes to
the responsibilities of its four
current Executive General
Managers.
Source: APRA
AMP has appointed their new
director of corporate
superannuation Vicki Doyle,
formerly of BT Financial Group,
replacing Libby Roy, who
departed last May.
Source: Financial Standard
SuperBrief Independent & Concise
Issue #11 of 2015: Friday, 20th
March