Policy and Regulation

LUCRF to offer free SuperStream services to employers

Greg Sword the outgoing chief executive of LUCRF has revealed how his fund is arguably the best prepared in the industry to take advantage of SuperStream changes. The fund’s Blue Door powered administration system has its own Gateway and clearing house and will offer the service free to all employers that use it when SuperStream […]

Super administrators in a “world of pain”

Gallows humour, exasperation and despair are the natural demeanours of administrators facing SuperStream changes over the next year. Listening to executives in super funds and administrators on the topic of pass-throughs, gateways and error messages at the AIST Superannuation Administration Symposium in Melbourne last week, many used words of dread. The process was going to […]

Gerard Noonan editorial

Some people love change. Many resist change as an unwelcome reshaping of their pleasant personal landscape. Others reckon you have to wrestle with it, even if you don’t like it. They make the most of their efforts to improve things. Put me in the first and third categories. We groan and grumble that governments and […]

The incredible expanding world of custody

A central, if often overlooked feature of Australia’s super funds is that they have, for a very long time, worked closely with external service providers in their pursuit of world best practice. In relation to custody and securities services, this is a very sensible approach. The scale, geographic reach, and massive investment in technology of […]

The tyranny of smarter data

Adjectives such as titanic, gargantuan and elephantine do not go far enough to describe the task for superannuation funds of meeting the requirements for data collection of the Australian Prudential Regulation Authority (APRA) and provision of insurance to meet MySuper standards. But from July 1, the job is going to get bigger, as new rules […]

Employers part of
SuperStream too

The Stronger Super reforms needed to engage more with employers as a critical part of the superannuation industry, according to Westpac’s Emma Dobson. Dobson, the bank’s director of global transactional services and a member of the government’s SuperStream advisory council, says she believes that too much of the Stronger Super focus has been on “front […]