Vision Super has partnered with super software provider, Financial Synergy, to implement a new core registry administration system.
The project aims to improve the efficiency and capability of the fund's administration and finance systems in workflow, reporting, correspondence, and member/employer online experience.
Vision Super chief executive, Stephen Rowe, said the move would reduce the fund's administration costs, increase administration efficiencies, and make doing business with the fund easier for members and employers.
"The websites for employers will be clearer, have more functionality, and better usability. They will be able to do what they need easier and faster," he said.
"It also helps us make a complete shift from the paper age to digital."
Financial Synergy chief executive, Stephen Mackley, said the fund will be able to take advantage of the platform's in-built flexibility.
"It also provides Vision Super improved efficiency and reduced legislative risk with most legislative changes provided for within the maintenance agreement," he said.
A former property developer has been sentenced to eight years’ imprisonment for defrauding super investment funds, ASIC has confirmed.
The government wants greater transparency over super fund offerings and member outcomes in retirement phase at both an individual trustee and industry level.
AMP has reported a stable half-year result in superannuation, with improving cash flows and solid support from platforms and banking.
Implementing an unlimited non-concessional contributions cap for taxpayers with superannuation balances below $1 million would make the system more equitable, the accounting firm says.