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Sep 13, 2021

The stapling shake-up and what it means for super funds

From November 1, 2021, Your Future, Your Super will see new reforms introduced to empower superannuation fund members, prevent the creation of multiple super accounts, and hold funds accountable for underperformance. With the introduction of one of these reforms—called stapling—the Treasury estimates that, over a 10-year period, it will save Australians more than $10 billion in excess fees. 

Aug 16, 2021

Cybersecurity for superannuation funds: Minimizing risk

The business world is experiencing increasing occurrences of phishing and cyber-attacks. Australian superannuation funds, as particularly vulnerable targets, must prioritize cybersecurity measures and policies to anticipate and prevent potential threats.

Jul 23, 2021

Superannuation modernization: should you outsource?

To stay competitive, many superannuation funds are choosing to either outsource their registry platform and servicing operations, or reevaluate their already outsourced administration service provider’s technology and services. As funds modernize their operations, they face obstacles like disparate legacy systems, high expectations from members, and a complicated web of regulations.

Jul 21, 2021

Microservices: what are they and why you should care

In our last post, we talked about how SS&C approached the development of Lyric. We learned that microservices are a core part of Lyric’s architecture. Modern developers are increasingly adopting microservices due to their agility-focused benefits, and as a result, the architecture is appearing more and more in new technologies. However, for those who work outside the tech world, microservices likely spark some basic questions: what are they, why use them, and what are the benefits?

Jul 20, 2021

How SS&C approached the design and execution of Lyric

What does it take to develop and implement transformational technology? Quite a lot. Resources, vision, investment and expertise to name a few. For SS&C, our Lyric journey began with a well-designed plan focused on the fundamentals: understanding the business and marketplace needs, alignment between tech priorities and business needs throughout the process, and delivering on outcomes.

Jun 30, 2021

Cybersecurity: Minimizing risk to Superannuation funds

Phishing and cyber-attacks are increasingly common in the business world. Funds are particularly vulnerable and need to prioritize cybersecurity policies to get in front of any potential threats. Superannuation funds make especially attractive targets for cybercriminals because of the value that can be obtained. There’s the obvious value of the actual fund assets, but the sale of personally identifiable information (PII) can be just as lucrative on the dark web.

Jun 28, 2021

Introducing SS&C Lyric. Bold. Ambitious. Now.

SS&C is often known for growth through acquisition, but this really only tells part of the story. In 2020, SS&C spent over $471 million on research and development, and we count among our colleagues some of the top software developers across the world. As a technology house, we drive not only new solutions for our clients, but also move the dial for the financial services industry as a whole.

Apr 20, 2021

Financial wellness: The top 5 strategies to improve member engagement

Are you using the best strategies to generate member engagement in your financial wellness programs? We have identified five best practices for developing strategies to support member retention and growth in super funds.

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