Vision Super has implemented its self-administering platform with aims to improve efficiency and capability of the fund's administration and finance, and to reduce fund costs.
The fund said its new core registry system and associated technologies had been implemented through an arrangement with superannuation software provider, Financial Synergy.
Vision Super chief executive, Stephen Rowe, said: "Its successful implementation showcases the skill and capacity of Vision Super in doing what most other funds are outsourcing".
"It positions Vision Super extremely well for growth, and for partnering with other funds who might be looking to an alternative to large administration groups," he said.
The fund said the new system would result in greater efficiency and flexibility, and more capability in the areas of workflow, reporting, correspondence, and member/employer online experience.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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