Major administrator Pillar Administration has selected technology service provider decimal to supply a single-issue advice software solution.
The selection of decimal to provide the solution has been confirmed by Pillar's chief executive, Peter Beck, who said Pillar’s single-issue advice requirements demanded a software solution that was flexible enough to meet the needs of multiple clients.
He said the solution, when implemented, would allow Pillar to support the advice needs of its clients and their members through an end-to-end web technology application.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.