Clearinghouse SuperChoice is collaborating with software providers to offer its online clearing services through payroll software.
Sybiz Software’s payroll solution Sybiz Visipay will now offer employers the option to make employee superannuation payments to any compliant fund in a single electronic transaction.
Payroll officers can also check fund rules in advance of payments being made to save time and paperwork.
General manager of SuperChoice, Mike Fielding, said the payroll software market is an important channel to drive take-up of e-commerce solutions in advance of the government’s Stronger Super recommendations.
A hawkish post-meeting RBA has cast doubt over the possibility of another rate cut in 2025.
Super funds are being urged to do more to protect older women from financial insecurity as life events widen retirement gaps.
The central bank has announced the official cash rate will remain at 3.6 per cent following higher-than-expected inflation figures.
Equip Super has appointed Michelle Cheong as chief risk officer, strengthening its governance framework with nearly two decades of industry experience.