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.”
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
Qantas Super has officially merged with ART over the weekend, with its CEO describing the “bittersweet” decision as being in the best financial interests of its members.
The super sector has apologised and vowed to fix widespread delays, poor service, and systemic failures in processing death benefit claims, following an ASIC review.
Long-term investors face a critical decision – stay the course or pivot, says leading economist Shane Oliver.