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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.

Apr 16, 2021

Reduce employee stress with a financial wellness strategy

Even before the global coronavirus pandemic disrupted the global economy, financial stress was already being widely reported by as many as 60% of Australian workers. Almost 50% of Australian workers spent more than three hours per week dealing with financially related issues, and the concern over having financial difficulties had increased to 71% of employees in 2019.

Apr 13, 2021

SS&C podcast addresses how Super funds can support financial wellness

A recent study by AMP found that financial stress impacts two in five workers during their careers and costs Australian businesses an estimated $31.1 billion per year in lost revenue. In an on-demand SS&C podcast hosted by Shaun McKenna Senior Director – Product, Sales and Client Relations, SS&C Technologies, we discuss the issue of financial wellness with our guests Steve Freeborn, Head of Superannuation, Rice Warner, and Shannon O’Shea, Partner and Head of Member Services, Aon, and address ways Superannuation funds can support the financial wellness of members.

Mar 16, 2021

Worlds collide: insurance and alternatives

Insurance companies and alternative investment managers are converging in the pursuit of higher yield investments, and we are seeing this play out in several ways: insurance companies continue to increase alternatives allocations through limited/general partnership structures and/or by acquiring alternative investment managers in order to gain deal flow and expertise. At the same time, alternative investment managers are investing in insurance companies or launching re-insurance ventures to create a steady stream of capital inflows from premiums.

Mar 3, 2021

Should any insurer consider a client “legacy?”

The cycle of product launches is constant for life insurers and, in tandem, existing product portfolios close at an increasingly rapid rate. Although dormant, these portfolios of “legacy” clients and products still require ongoing maintenance and often reside on older technology, whereas newer products are managed on newer systems.

Mar 1, 2021

Passion for pensions: Motivating and engaging members is key

Pension schemes and scheme members have a common metric of success—members retiring with enough money to live comfortably. To some extent, achieving this goal sits with the members. They decide how much they save, how often and how that money is invested. Plus, it is in their best interest. So why isn’t it happening? And why is there a seeming lack of urgency on the part of these investors?

Feb 24, 2021

SS&C drives digital transformation in retirement

The retirement industry was already fast-paced and dynamic before 2020, as an aging population prompted providers to evolve their retirement plans and practices. Flexibility and efficiency have become standard as firms face increased competition, regulation and complexity. Layer in the uncertainties and catalysts over the past several months, and the pressure has only heightened.

Jan 27, 2021

Superannuation funds need digital tools to engage and support members

Are Australian superannuation fund providers doing enough to communicate with their members and support their financial wellness? SS&C’s recent Superannuation Stealth Survey measured members’ perceptions of their fund’s digital tools and communication methods. The results revealed several areas of opportunity for Australian superannuation funds to engage members through more effective content, gaining a competitive advantage in retention through members’ education and financial wellness.

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