POWERED BY MOMENTUM MEDIA
Bravura signs contract with Aware Super
Financial services software provider Bravura has signed Aware Super (formerly First State Super) to a long-term contract for the implementation of Bravura products, including Sonata Alta.
The contract was for an initial term of seven years and would include Sonata Alta, AdviceOS, Babel SuperStream messaging, and member and adviser digital offerings. Bravura would also provide a dedicated Sonata Alta support team.
Sonata Alta was a digital-first operating model, underpinned by Bravura’s Sonata platform and its business process automation as a service (BPaaS) platform provided clients control over their customers’ data, operations and end customer experiences.
Deanne Stewart, Aware Super chief executive, said: “After a rigorous selection process, Aware Super selected Bravura as its technology partner for this key initiative. We look forward to working closely with Bravura to deliver exceptional outcomes for our members”.
Tony Klim, Bravura Solutions chief executive, said: “We are delighted to provide Bravura’s world-class technology to Aware Super. Sonata Alta and Bravura’s ecosystem of products are ideally suited to providing Aware Super unprecedented control, flexibility and a highly personalised member experience at scale to support their members for and in retirement”.
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
