POWERED BY MOMENTUM MEDIA
GBST, Superestate launch digital super product
Fintech company GBST has teamed up with Superestate, a start-up that provides superannuants with access to the Australian property market outside the self-managed super fund (SMSF) structure, to launch a new digital super fund.
The mobile accessible fund will provide Superestate with a secure, member-oriented platform allowing greater communication and engagement with its members through a variety of digital channels, GBST said.
Using the end-to-end solution, Superestate members will be able to sign up and join, find, and consolidate all or part of their superannuation holdings in an efficient timeframe, it said.
GBST head of Asia Pacific, Denis Orrock said that by talking securely to the Australian Taxation Office (ATO) and the GBST Superstream Gateway, Superestate can help its members find their super, consolidate it into one fund, and receive ongoing contributions electronically.
Also, the new solution provides GBST’s superannuation clients, including Superestate, with access to GBST’s Business Intelligence Reporting tools so they can generate communications to their members in formats such as SMS, email and PDF.
“By managing and hosting a complete solution on GBST infrastructure, we will be taking full responsibility for the digital administration of the public site as well as maintaining ongoing legislative change, leaving our clients to focus on product design, pricing and distribution,” Orrock said.
Recommended for you
Introducing reforms for strengthening simpler and faster claims handling and better servicing for First Nations members are critical priorities, according to the Super Members Council.
The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap.
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
