Melbourne-based Kinetic Super has launched a mobile app to keep customers more aware of their super and assist in closing the $15 billion gap of retirement wealth sitting in unclaimed super accounts.
The app will allow members to view their account balance, update their details, and browse and change investment options on their personal mobile device.
There are also extended options to combine accounts, change account beneficiaries, nominate to take super to new jobs, and to check and change personal insurance covers.
Kinetic chief executive, Andrew Barnett, said the fund has continuously searched for innovative and digital ways to keep customers invested and aware of their super.
"We understand that Australians today want to access everything in the palm of their hand. That now includes their superannuation account," he said.
"Introducing a mobile app is the first of many innovative plans we have in our long-term digital strategy to engage with our members and make super more relevant and important to their financial futures."
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
Assistant Treasurer Stephen Jones has defended the government’s plan to modestly cut tax concessions for Australia’s wealthiest superannuation accounts, saying it is a “fairer outcome”.