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.”
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.