Sunsuper has unveiled a range of improvements to its digital realm for employers.
The fund has upgraded its Employer Online system, including partnering with SuperChoice for its Sunsuper Clearing House, which allows employers to manage superannuation obligations in one online platform.
Sunsuper’s customer service general manager Steven Travis said online contribution processes for superannuation were usually complex and looked at legal compliance and administrative accuracy for employers.
“With the industry transitioning to mandatory e-commerce for employers through SuperStream from July 2014, Sunsuper has invested in research and development initiatives to better understand the ongoing needs of employers,” Travis said.
Employers can streamline their super payments on Employer Online, and can do a range of things including sending contributions to multiple super funds, paying contributions by direct debit of BPAY and checking online transaction history.
They can also update employee records and enter contribution details manually or upload contribution files.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.