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.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.