QMV SuperBrief Issue #11 of 2015

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Transcript of QMV SuperBrief Issue #11 of 2015

QMV Super Solutions specialise in the delivery of world-class technology

and business solutions for the superannuation and wealth management

industries. With a fresh approach to solving complex process issues, our

tailored solutions are delivered by a bright young team who are experts

in their fields, and passionate about results.

qmvsupersolutions.com

While all care has been taken to ensure the accuracy

of the information presented, QMV Super Solutions

is not responsible for any loss or damage suffered in

relying on the information presented.

QMV

TECHNOLOGY

VicSuper has become the first

Australian superannuation client

live on the Sonata wealth

management platform,

following an 18 month project

to migrate two of Bravura’s

heritage systems for

accumulation and retirement

income products. According to

Bravura Solutions, this release

positions VicSuper at the

forefront of Australia’s

superannuation industry with a

sophisticated, in-house

administration system that

provides a consolidated view of

member data.

Source: Bravura Solutions

DEMOGRAPHICS

The Australian Institute of

Superannuation Trustees (AIST),

in conjunction with BNP Paribas

Securities Services, have

undertaken research to identify

key longer-term issues faced by

asset owners and managers, in

their whitepaper 2025: What will

the superannuation Industry

look like in a decade?

Among the findings, variation in

demographic shifts by region

and country is expected to

create offshore investment

opportunities, and technology

advances will personalise each

members fund experience.

Source: APRA

SUPERSTREAM

The ATO has released its register

of SuperStream certified

products. This register lists

certified products including

payroll, clearing houses and

other providers. The register

currently includes 19 payroll

software products and 8

clearing houses or other

products.

Source: ATO

FINANCIAL ADVICE

AMP Capital has launched a

website to assist financial

advisers in their conversations

with clients about how to

achieve their goals through

different investment strategies.

The site helps advisers identify

the client's goals, risks and

priorities. It also includes reports

on the tangible outcomes,

rather than their performance

against a benchmark.

Source: Financial Standard

BOARD REPRESENTATION

The Boardroom Diversity index,

a measure of women on

boards, has shown a 5.7 %

increase in female board

representation in the

superannuation sector over the

past year. Of the 135

Superannuation Trusts

measured, 254 of the 955

trustees were female (26.5%).

Source: Women on Boards

SUPER MARKETING

Superannuation funds are at risk

of being viewed as

homogenous by their members,

and need to tailor their offerings

to remain relevant and

engaging, according to new

research from CoreData. The

report found that 40.6 per cent

of pre-retirees and 32.4 per

cent of post-retirees were

unsure which fund would afford

them the best overall offer in

retirement.

Source: Financial Observer

APPOINTMENTS

The Australian Prudential

Regulation Authority (APRA) has

announced a number of

changes to its senior executive

team. Steve Matthews has

been appointed Executive

General Manager, Corporate

Services. Mr Matthews has been

APRA’s Chief Financial Officer

since November 2010. APRA

also announced changes to

the responsibilities of its four

current Executive General

Managers.

Source: APRA

AMP has appointed their new

director of corporate

superannuation Vicki Doyle,

formerly of BT Financial Group,

replacing Libby Roy, who

departed last May.

Source: Financial Standard

SuperBrief Independent & Concise

Issue #11 of 2015: Friday, 20th March