Vision Super has partnered with super software provider, Financial Synergy, to implement a new core registry administration system.
The project aims to improve the efficiency and capability of the fund's administration and finance systems in workflow, reporting, correspondence, and member/employer online experience.
Vision Super chief executive, Stephen Rowe, said the move would reduce the fund's administration costs, increase administration efficiencies, and make doing business with the fund easier for members and employers.
"The websites for employers will be clearer, have more functionality, and better usability. They will be able to do what they need easier and faster," he said.
"It also helps us make a complete shift from the paper age to digital."
Financial Synergy chief executive, Stephen Mackley, said the fund will be able to take advantage of the platform's in-built flexibility.
"It also provides Vision Super improved efficiency and reduced legislative risk with most legislative changes provided for within the maintenance agreement," he said.
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
Add new comment