Super SA will replace Talent2’s Supero with a new payroll system for its 15,000 lifetime pensioners from the start of the financial year, and then review systems for its allocated pension and general member administration requirements.
The $11.5 billion, 170,000-member fund will use Synchronised Software’s Capital system to administer 2008/2009’s first pay period for its pensioners, following an internally-run procurement process to replace Supero, which was out of contract for Super SA and no longer supported. Super SA’s chief executive, John O’Flaherty, said the fortnightly pension payment was a “;fairly straightforward payroll”; paid directly into recipients’ accounts, and that customers would notice little difference following the move to the new system. The major improvements would be felt in the quality of management reports on the pensioner base. “;In the lead-up to something like the Better Super changes, under the old system there was a lot of manual extraction of data to ensure we wrote relevantly to members. The new system will make that process a lot simpler and easier,”; O’Flaherty said. Super SA will now embark on a “;high level strategic review”; of all its systems, O’Flaherty said, including the core member administration system which is currently Bravura’s Superb 2000. “;That’s a pretty old system so we’ll be looking at an open tender process with everyone’s best-of-breed products,”; O’Flaherty said, adding that the fund would definitely continue to self-administer.
In 2024 AMP became the first Australian super fund to commit to cryptocurrency after the asset class won “institutional legitimacy” from the US Securities and Exchange Commission. AMP head of portfolio management Stuart Eliot explained to the Fiduciary Investors Symposium how AMP broke new ground, and the process behind its inclusion.
Lachlan MaddockJune 20, 2025
