A recent survey has confirmed that dealing with digital disruption is high on the agenda for financial services executives.
The survey, conducted by SuperRecruiters and Riskwise Professionals rated digital disruption only behind market volatility as an area of concern as superannuation funds and other financial services firms sought to deal with the challenges this year.
The survey that a quarter (25 per cent) of respondents said they were “uncertain” about how to deal with this the digital disruption challenge.
According to SuperRecruits principal, Guy McKanna, this suggests that there is still a large part of the industry that needs to come to grips with the issue.
He said the survey finding needed to be weighed against research undertaken by the Australian Transformation and Turnaround Association which pointed to the fact that service improvement rather than technological revolution was the major threat.
That research showed that the changes being wrought by start-ups were generally not revolutions, but, rather, improved on the service delivery of established organisations.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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