POWERED BY MOMENTUM MEDIA
Vision Super looks to up efficiency
Vision Super has partnered with super software provider, Financial Synergy, to implement a new core registry administration system.
The project aims to improve the efficiency and capability of the fund's administration and finance systems in workflow, reporting, correspondence, and member/employer online experience.
Vision Super chief executive, Stephen Rowe, said the move would reduce the fund's administration costs, increase administration efficiencies, and make doing business with the fund easier for members and employers.
"The websites for employers will be clearer, have more functionality, and better usability. They will be able to do what they need easier and faster," he said.
"It also helps us make a complete shift from the paper age to digital."
Financial Synergy chief executive, Stephen Mackley, said the fund will be able to take advantage of the platform's in-built flexibility.
"It also provides Vision Super improved efficiency and reduced legislative risk with most legislative changes provided for within the maintenance agreement," he said.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
