POWERED BY MOMENTUM MEDIA
Bravura signs VicSuper to new online offerings
Bravura has signed VicSuper to use its administration software and online superannuation portal for members and employers, expanding the current relationship the two groups currently hold with each other.
VicSuper will use Bravura's Sonata as its primary registry system for internal operations and to offer member services while ePASS will be used as VicSuper's employer contributions portal with online and mobile member access.
The two groups have a 15 year working relationship with VicSuper using Bravura's heritage superannuation systems with the implementation of Sonata and ePASS into the VicSuper business set to take 18 months.
The first phase will develop mobile capabilities for VicSuper, the second phase will focus on SuperStream compliance for employers with the third introducing full administration capability.
VicSuper chief executive Michael Dundon said Sonata and ePASS would allow the superannuation fund to retire a number of legacy applications while developing more products and features for fund members and engaging with them further through online and mobile channels.
AUTHOR
Jason Spits
Jason has been writing on financial services since 1999 and has worked for on a number of trade media titles in both a full time and freelance capacity. He joined Money Management and Super Review in 2013 in the role of Senior Journalist.
Recommended for you
As the Australian financial landscape faces increasing scrutiny from regulators, superannuation fund leaders are doubling down on their support for private markets, arguing these investments are not just necessary but critical for long-term financial stability.
Australian Retirement Trust (ART) is leaning on its private asset allocation to help shield members from ongoing market volatility, as its chief economist stresses the importance of long-term thinking and diversification.
AustralianSuper is poised to cement its leadership in the superannuation landscape over the next five years, with fresh research forecasting a sharp shift in the sector’s power dynamics.
The Reserve Bank of Australia (RBA) has warned that significant liquidity pressures could arise in the superannuation sector if multiple risks materialise at once, potentially amplifying shocks in the financial system.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
