POWERED BY MOMENTUM MEDIA
Tech forefront of super CEO’s minds
The vast majority of superannuation funds are expecting to spend more on technology in 2016 compared to 2015 but using tech is easier said than done, Link Group believes.
The super admin firm found the spend of technology was a response to the challenges and opportunities presented by rapid technological change.
Link's survey found 92 per cent of funds expected to spend more on technology next year, with 62 per cent looking to spend an additional 20 per cent or more next year.
Speaking at the Association of Superannuation Funds of Australia (ASFA) conference in Brisbane today, Link Group Fund Administration chief executive, Suzanne Holden, said using technology to transform a business was easier said than done.
"Internal change management is as much driven by innovation internally as it is by customer innovation," she said.
"Technology — both in terms of internal and customer facing — and its role in change management is clearly front of mind for most CEOs.
"Businesses are often facing tough competition and cost pressures. This can require an ongoing investment in technology to deliver results."
Link said mobile innovation was predicted to be the key disruptor in 2016 (33 per cent of respondents), followed by data personalisation (25 per cent), aggregators of wealth management (25 per cent), and online digital or robo-advice (17 per cent).
Recommended for you
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
