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.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
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