LGsuper has appointed online financial adviser technology provider Decimal to develop an online single-issue financial advice offering for the fund.
LGsuper chief executive David Todd said the deal will help address a number of specific business and technical requirements, including the ability to upscale in future.
“We also anticipate deeper engagement by our fund members via the phone and face-to-face advice which will, of course, be underpinned by the Decimal technology,” he said.
LGsuper, which is due to merge with City Super on 1 July to create a $6 billion fund, also plans to adopt Decimal’s SmartCalculator in the near future, the fund stated.
Decimal has also recently been picked up by Pillar Administration and AvSuper, the firm stated. Decimal will also co-host, in conjunction with KPMG, representatives of major Melbourne-based industry funds at a breakfast next week, for a discussion on the influence of technology in navigating through regulatory changes in the industry, Decimal stated.
APRA has warned retail super trustees that financial adviser involvement in recommending platform products does not diminish their obligations, as regulators turned the spotlight on the Shield Master Fund and First Guardian Master Fund during a meeting with fund CEOs.
AMP’s chief economist has unveiled a wish list for the Australian government’s Economic Reform Roundtable.
Australian retirees could increase their projected annual incomes between 3 and 51 per cent by incorporating personal and household data into their retirement income strategies, according to new research.
The best interests duty and new class of adviser didn't make the cut for the pre-election DBFO draft bill; however, ASFA has used its submission to outline what it wants to see from the final package.