Maritime Super is planning to boost its internal administration capabilities after appointing Financial Synergy to implement and provide guidance on its Acurity administration platform.
Maritime Super's operations manager Brad Morcombe said the companies were co-operating on the data migration with a view to empowering the fund's internal team to take over responsibility for the technical configuration.
"That way, we can become self-sufficient, minimise cost of ownership and readily implement change," Morcombe said.
Implementation is expected to be completed at the end of the month.
Morcombe said the technology would enhance member benefits as well as reduce costs, while the second phase of the project would implement Acurity's web-based front end for members and employers.
Maritime Super chief executive Peter Robertson said the administration platform was designed to evolve with the complexities of running a super fund.
"Financial Synergy understands what our business needs are and delivers a configurable administration platform that handles our complexities with minimal customisation, which greatly reduces expense and risk," he said.
Financial Synergy chief executive Stephen Mackley said the company's goal was to equip clients with the tools and training to enhance self-sufficiency.
A “concerning” number of Aussies don’t know what they pay in super fees, a young super fund has said.
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits.
According to the industry body, funds should have an obligation to transfer members in failing products to better-performing products in a timely way.
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
Add new comment