Big data functionality will be included in Financial Synergy's Acurity platform, as the firm positions itself to move into 2016.
The specialist superannuation and investment software provider announced the big data functionality this week at the same time as outlining recent growth within it consulting and research and development teams.
The company said that fund efficiency and online member engagement had been two of its areas of focus this year, with the Acurity platform adding another two million member accounts representing $150 million in funds under management (FUM).
Commenting on the developments, Financial Synergy chief executive, Stephen Mackley said the company was seeking to balance its growth strategy to ensure it continued to support existing and new businesses.
A former property developer has been sentenced to eight years’ imprisonment for defrauding super investment funds, ASIC has confirmed.
The government wants greater transparency over super fund offerings and member outcomes in retirement phase at both an individual trustee and industry level.
AMP has reported a stable half-year result in superannuation, with improving cash flows and solid support from platforms and banking.
Implementing an unlimited non-concessional contributions cap for taxpayers with superannuation balances below $1 million would make the system more equitable, the accounting firm says.