POWERED BY MOMENTUM MEDIA
AvSuper adds online calculator through decimal
AvSuper has added an online calculator to aid member engagement and drive financial literacy via a partnership with decimal.
In the first three days of release more than 10 per cent of the fund’s members had used the calculator, according to AvSuper.
AvSuper chief executive Michelle Griffiths said the calculator benefits members by helping them make better-informed decision about their finances.
“We are delighted with how effectively decimal worked with us to provide an AvSuper solution customised specifically to our members’ needs [that incorporated] our fund rules on areas such as insurance,” she said.
Member feedback had been positive and also provided constructive suggestions for future developments, she said.
decimal chief executive Jan Kolbusz said the calculator is fully integrated from a compliance, workflow and Statement of Advice (SoA) viewpoint.
The AvSuper system removes data duplication, saving downtime for members, and various consoles are available to allow fund staff immediate access to SoAs and for monitoring member and SoA activity, he said.
“The member is engaged from the initial setup of entering minimal details and financial information through to the optional action point of consultation with an AvSuper member advice consultant. The calculator allows the fund to then continue from the point that the member left off,” he said.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
