POWERED BY MOMENTUM MEDIA
Digital disruption high on super radar
A recent survey has confirmed that dealing with digital disruption is high on the agenda for financial services executives.
The survey, conducted by SuperRecruiters and Riskwise Professionals rated digital disruption only behind market volatility as an area of concern as superannuation funds and other financial services firms sought to deal with the challenges this year.
The survey that a quarter (25 per cent) of respondents said they were “uncertain” about how to deal with this the digital disruption challenge.
According to SuperRecruits principal, Guy McKanna, this suggests that there is still a large part of the industry that needs to come to grips with the issue.
He said the survey finding needed to be weighed against research undertaken by the Australian Transformation and Turnaround Association which pointed to the fact that service improvement rather than technological revolution was the major threat.
That research showed that the changes being wrought by start-ups were generally not revolutions, but, rather, improved on the service delivery of established organisations.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
