As it looks beyond the challenges of SuperStream, consulting firm IQ Group has expanded its Queensland operations in response to customer demand.
With the industry preparing to meet the Australian Prudential Regulation Authority's new reporting standards, IQ Group chief executive Graham Sammells said the firm was focused on reviewing the overall member engagement processes of its clients and the improvements that enhanced platforms could provide.
As a result, it had grown its consultancy team in the Queensland region.
"Queensland is proving to be a highly dynamic business environment for IQ Group and we look forward to continued growth of our team of specialist consultants and clients," Sammells said.
The group recently launched its ‘SuperStream Community of Practice Forum' where professionals can share experiences gained from implementing the industry changes.
Aware Super has made a $1.6 billion investment in a 99-hectare industrial precinct in Melbourne’s North which, the fund clarified, also houses the nation’s first privately funded open-access intermodal freight terminal.
ASFA has affirmed its commitment to safeguarding Australia’s retirement savings as cyber activity becomes an increasing challenge for the financial services sector.
The shadow treasurer is not happy with the performance of some within the super sector, telling an event in Sydney on Thursday that some funds are obsessed with funds under management, above all else.
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.