Queensland-based Sunsuper has taken the unusual step of appointing an in-house chief security officer.
Sunsuper chief executive Tony Lally said the fund had appointed Greg Wiltshire to the newly-established role in recognition of the growing requirement of superannuation funds to manage members' sensitive and confidential financial information.
He said the appointment had come on the back of Sunsuper's recent acquisition of super funds administrator Precision Administration Services.
"We recognised the acquisition provided us with an opportunity to look at ways to enhance the way we manage the data we hold," Lally said.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
The major bank has announced that real-time super payments will soon be available to all QuickSuper employers ahead of the looming payday super regime.