GBST has launched its new user-focused corporate super offering, in response to the growing need for transparency and an improved customer experience.
The new offering, which is an enhancement to GBST’s Composer platform, features straight-through processing capabilities so employers can manage their accounts and access their employee’s information online, reducing admin costs for the fund provider.
Clients already using the platform could add the capability to their existing offering.
GBST’s chief executive, Robert DeDominicis, said the superannuation sector was under pressure on a number of fronts, and providers needed a platform that enabled them to deliver a transparent product with the best possible user experience.
“We are already working with a leading Australian fund to deploy this new solution and anticipate a lot more interest from other providers that want to stay competitive in the new world of super,” he said.
The new enhancement would also offer clients integration for ATO SuperStream messaging and the ability to choose from a number of investment options.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.