Delivering competitive performance and ensuring offerings are relevent to customer expectations is crucial, said REST Industry Super on launching its new app for assisting with investor decision making.
The launch of the REST App comes off the back of REST Core Strategy’s positive long-term performance, as measured by SuperRatings. According to FE Analytics, the fund had first quartile annualised returns over three years and one year of 7.66 per cent and 11.85 per cent respectively.
The app could be used by members to allow accessibility to fund information and would utilise LivePerson’s technology for its real time messaging function.
REST chief operating officer, Andrew Howard said the push for more technology-based offerings had been driven in large part by the upswing of customers under 30.
“Providing a 24/7 user experience is key to helping members take ownership of their superannuation,” he said.
“By providing enhanced visibility of our members’ accounts and offering greater access to rewards and incentives via our app, our members are empowered to play a more active role in planning for their future.”
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.