LUCRF appoints DST Bluedoor for SuperStream

Labour Union Co-operative Retirement Fund (LUCRF) Super has appointed DST Bluedoor to take care of its SuperStream requirements. 

The fund has used DST Bluedoor’s technology to speed up member contribution processing and the maintenance of member accounts. 

The technology provider has also developed a messaging gateway and clearing house solution for LUCRF, where the fund can run its own gateway and clearing house and integrate them to employers at no cost. 

Chief executive of LUCRF Super Greg Sword said the fund is using the technology solution to meet SuperStream mandatory messaging requirements, processing rollovers electronically, and rolling out contributions using the SuperStream data and payment standards in July. 

“Before Bluedoor we had over 40 employees processing superannuation contributions,” Sword said. 

“That number has now dropped to 14. We’ve adopted the DST Bluedoor technology at much less cost than if we outsourced these solutions and, just as importantly, we can control the quality of our operations.” 

The super fund used DST in March this year to roll out the super mobile app for iPhone, Android and Blackberry, which gives members direct access to their super balances, contributions history and investment performance.