Queensland-based local government fund, LGIAsuper, has picked Bravura's Sonata solution as its new superannuation administration platform.
This would be used for both its defined contribution and defined benefit plans.
LGIAsuper chief executive, David Todd, said the new platform would allow the fund to simplify and consolidate administration of product types using a single system, while enabling operational efficiencies through straight-through workflow features.
"Sonata will help facilitate the engaging web and mobile experiences our members have come to expect in this digital age," Todd said.
This agreement came after its earlier investment in Babel, which is Bravura's messaging product to provide compliance with SuperStream.
The LGIAsuper Sonata implementation phase would commence in the second half of 2016.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
Add new comment