PwC gives administrator a testing time

Consulting firm PricewaterhouseCoopers (PwC) has tested the internet-based services brought to market by a revamped administration services vendor.

PwC reviewed the security, processes and functionality of the products offered by AdminPARTNERS, a back-office service provider targeting boutique superannuation administrators and funds managers, confirmed director John Donovan.

Its internet-based services were tested against “industry standard practices”, particularly web application security, and its internal security and processes were reviewed with reference to guidelines set by the Australian Prudential and Regulatory Authority, Donovan said.

Its offerings include member reporting and record-keeping services for administrators and managers under the Cooper Review-inspired title of MySuperSolutions, in addition to business, technical and data management services.

AdminPARTNERS was formed when Queensland Trustees and Investments (QTI) bought administration business GPen in 2009, increased its headcount and invested in its systems.

Donovan said the administrator underwent the test so it could provide clients and prospects with a legitimate assessment of its services following the QTI takeover.

He said the vendor currently services about 100,000 member accounts through its arrangements with boutique administrators and funds.

Leave a Comment

‘Bang, fizzle, pop’: AustralianSuper CIO laments late tilt to AI

The outgoing chief investment officer of AustralianSuper Mark Delaney said one of the biggest regrets he will have as he leaves the $410 billion fund is not going overweight on the AI and digital thematic in public markets sooner, as the nation’s most powerful allocator reflects on the investment case of the technology sector in the superannuation summit in New York last week.

Sort content by