Former Association of Superannuation Funds of Australia (ASFA) chief executive, Pauline Vamos has been appointed as a non-executive director of Decimal’s board.
Decimal chairman, Mark Potts said Vamos would bring extensive superannuation knowledge and expertise to the board, and was an ambassador in financial services.
“The appointment comes at a time when Decimal is making significant inroads in the superannuation sector by enabling providers of all sizes with the capability to engage their members more meaningfully through digital advice,” Potts said.
Vamos said the opportunity to help the financial services sector transition to technology-based member engagement was too compelling to pass up.
“As we know, no fund has yet fully nailed member engagement. I believe that digital advice and scalable technology makes it more accessible, objective, cost effective, and convenient,” she said.
“As CEO of ASFA I spent a lot of time leading the conversation with funds and providers on the need to innovate their engagement models.”
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.