Melbourne-based Kinetic Super has launched a mobile app to keep customers more aware of their super and assist in closing the $15 billion gap of retirement wealth sitting in unclaimed super accounts.
The app will allow members to view their account balance, update their details, and browse and change investment options on their personal mobile device.
There are also extended options to combine accounts, change account beneficiaries, nominate to take super to new jobs, and to check and change personal insurance covers.
Kinetic chief executive, Andrew Barnett, said the fund has continuously searched for innovative and digital ways to keep customers invested and aware of their super.
"We understand that Australians today want to access everything in the palm of their hand. That now includes their superannuation account," he said.
"Introducing a mobile app is the first of many innovative plans we have in our long-term digital strategy to engage with our members and make super more relevant and important to their financial futures."
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.