POWERED BY MOMENTUM MEDIA
GBST updates platform for early super release
Global financial technology provider GBST’s Composer wealth administration platform will now enable clients to bulk process early superannuation release payments for members facing financial hardship due to COVID-19.
GBST’s superannuation clients supported over two million members and would now be able to meet the Australian Government’s early access to superannuation legislation.
Robert DeDominicis, GBST chief executive, said: “So many Australians are struggling at the moment and we are proud to be able to play our part in helping them access much-needed funds.
“Our Composer team worked extremely hard to get this functionality up and running quickly in a very tight timeframe. Allowing clients to process these payments in bulk will reduce the administrative burden on them so they can focus on helping their members through these challenging times.”
Recommended for you
The $170 billion fund has announced an internal promotion to the newly created role.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment