CSC selects Iress as technology partner

29 September 2022
| By Laura Dew |
image
image
expand image

Iress has been selected as the software for the defined benefit scheme of the Commonwealth Super Corporation (CSC).

CSC would use Iress’ Acurity software as its key technology partner to improve member outcomes, reduce administration complexity and drive down costs.

The fund, which had $58 billion in assets across 11 different schemes, provided super to current and former Australian Government and Australian Defence Force employees.

The move was part of a multi-year transformation programme by CSC to uplift their member experience and improve operational efficiency.

Iress would now migrate more than 500,000 customers to its unified registry and operating model over a three-year period with the first tranche expected to be completed by July 2023. 

Iress chief executive, Andrew Walsh, said: “This announcement highlights the significant demand to adopt a target operating model underpinned by digitisation and automation; regardless of fund size or complexity”.

Damian Hill, chief executive of CSC, added: “We selected Iress due to its deep industry and technology expertise, as well as the strength and ability of its software capabilities to deliver on our goals”.

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

4 months ago
Kevin Gorman

Super director remuneration ...

4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

4 months ago

The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months....

1 day 5 hours ago

The asset manager is bolstering its investments in the global energy transition and climate opportunities....

1 day 16 hours hence

The ethical investment manager has reported record FUM as its growth trajectory continues apace....

2 days 5 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND