Bravura has signed VicSuper to use its administration software and online superannuation portal for members and employers, expanding the current relationship the two groups currently hold with each other.
VicSuper will use Bravura's Sonata as its primary registry system for internal operations and to offer member services while ePASS will be used as VicSuper's employer contributions portal with online and mobile member access.
The two groups have a 15 year working relationship with VicSuper using Bravura's heritage superannuation systems with the implementation of Sonata and ePASS into the VicSuper business set to take 18 months.
The first phase will develop mobile capabilities for VicSuper, the second phase will focus on SuperStream compliance for employers with the third introducing full administration capability.
VicSuper chief executive Michael Dundon said Sonata and ePASS would allow the superannuation fund to retire a number of legacy applications while developing more products and features for fund members and engaging with them further through online and mobile channels.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.