With intra-fund and scaled advice becoming integral to superannuation fund offerings, new research has suggested that enterprise-grade intra-fund advice functionality should be deployed alongside superannuation administration platforms.
The research, the latest Investment Trends Planning Software Report, has pointed to recent technology deployments by major superannuation funds.
"The deployment of Decimal at Mercer and QSuper is a significant milestone for intra-fund advice technology, Investment Trends technology analyst, Ian Webster said.
"Decimal has demonstrated that enterprise grade intra-fund advice functionality should be deployed alongside super administration platforms," he said.
The Investment Trends award for best superannuation scaled advice application went to Decimal, with the research housing noting that superannuation fund intra-fund advice technology had emerged from a previous generation of Australian fintech developers led by Rubik Provisio and Decimal.
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.
Cbus Super has unveiled Advice Essentials Plus, a new service offering affordable financial advice to both members and their partners.
The fund has launched a new tool to help deliver personalised financial education and digital personal advice to eligible members.
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose.