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Sunsuper expands digital offering
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.
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The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.
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