POWERED BY MOMENTUM MEDIA
LGIAsuper selects Bravura for admin
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.
Recommended for you
CFS has credited its investment team’s disciplined approach to managing volatility as a key factor in delivering strong returns for MySuper members.
TelstraSuper has announced a return of 12.67 per cent for its MySuper Growth investment option for the calendar year.
The Super Members Council (SMC) has called for a removal of the “outdated” 30-hour threshold for workers under 18 to guarantee all young Australian workers receive a super start to work.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
