Leading Queensland local government fund LGsuper has selected Decimal to help drive a technology-based solution in support of fund members requiring single-issue financial advice.
x
With the merger of LGsuper and City Super due to officially begin on 1 July, 2011, the fund is targeting an increased need for limited advice services to members. LGsuper currently manages around $4.4 billion in funds on behalf of 75,000 members. City Super has approximately 13,000 members and $1.5 billion in FUM.

David Todd, LGsuper CEO said: “In choosing Decimal we have a technology partner that will deliver end-to-end functionality and help our fund address a number of specific business and technical requirements. These include the ability to scale-up in future. We also anticipate deeper engagement by our fund members via the phone and face to face advice which will of course be underpinned by the Decimal technology.”
x
Plans are in play for LGsuper to also adopt Decimal’s innovative SmartCalculator in the near future. The integrated online calculator represents a best of breed compliance, engagement and financial forecasting tool, with focus on the member and adviser at all times.
x
Decimal Managing Director Jan Kolbusz said he was pleased to have been chosen by LGsuper to help empower its members with an elegant, simple advice solution. “We appreciate the high standards set by LGsuper and its board for service and technology requirements,” Mr Kolbusz said.
x
The appointment of Decimal by LGsuper follows a number of similar organsiations signing on with Decimal. Recent partnerships include superannuation fund administrator Pillar Administration, and leading corporate fund AvSuper, based in Canberra.
x
Meanwhile, representatives of the major Melbourne-based industry funds will be hosted by Decimal and leading consulting firm KPMG next week, June 15, for a breakfast presentation called “FOFA so good?: The role of technology in navigating change”.
x
Matt O’Keefe, KPMG IT Advisory Partner, will discuss the role of technology for super funds riding the wave of regulatory and consumer behavioural change. Technology will play a crucial role in all aspects of member support including member retention, communication, engagement, literacy and advice.

The post LGsuper appoints Decimal to move limited advice online appeared first on AdviserVoice.