The $1.5 billion Westscheme super fund has signed a deal to licence financial planning and projection software by Customer Acquisition and Retention Management (CARM).
Westscheme joins giant industry fund UniSuper, and dealer groups including Count, PIS and most recently, AMP Financial Planning, to use CARM software. AMP’s new interactive, online financial planning experience, TurningPoint – launched last week – is based around illustrative projection software built by CARM and tailored to meet the specific needs of AMP Financial Planning and its clients. Similarly, Westscheme will use CARM to highlight and discuss important financial and lifestyle issues with its members. According to CARM’s Paul Resnik, the group’s software is built with the client in mind. “Most providers build their software to be used by the planner, but ours is built for the clients,” he said. “The application being used by Westscheme is an illustration tool, and allows the user to look at their superannuation at different stages in their life.” CARM is currently in negotiations with Westscheme and Count to licence additional pieces of software. “AMP has a tailored our software into their process, but Count has not reconstituted the software in any way. Count uses CARM’s standard retail product, but we’re starting to talk about integrating data feeds,” Resnik said
29 November 2005 00:00
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