POWERED BY MOMENTUM MEDIA
Vision Super self-administers
Vision Super has implemented its self-administering platform with aims to improve efficiency and capability of the fund's administration and finance, and to reduce fund costs.
The fund said its new core registry system and associated technologies had been implemented through an arrangement with superannuation software provider, Financial Synergy.
Vision Super chief executive, Stephen Rowe, said: "Its successful implementation showcases the skill and capacity of Vision Super in doing what most other funds are outsourcing".
"It positions Vision Super extremely well for growth, and for partnering with other funds who might be looking to an alternative to large administration groups," he said.
The fund said the new system would result in greater efficiency and flexibility, and more capability in the areas of workflow, reporting, correspondence, and member/employer online experience.
Recommended for you
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
