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Dec 17, 2021

Digitally Engage Members with Mobile Technology

In a recently conducted survey, SS&C learned that 90% of surveyed Australian super fund members prefer digital and electronic communication regarding their superannuation accounts. Technology plays a critical role in reaching members with meaningful interactions. One area of significant opportunity is through mobile communication. Consumers spend upwards of three to four hours a day on their smartphones, meaning that mobile access with a responsive interface is a must-have.

Nov 15, 2021

Retirement Statements are Changing: What to Expect

The SECURE Act brought many changes to the retirement industry, including the requirement that plan administrators provide illustrations of a participant’s account balance converted to a lifetime income equivalent. The illustrations must be included at least annually, and plan administrators must use a 10-year constant maturity Treasury rate to calculate monthly payments.

Sep 21, 2021

Five steps to success through intelligent automation

The new SS&C Intelligent Automation Maturity Model provides a roadmap to companies to fully leverage emerging technologies and to establish the organizational structures to support continual innovation and evolution. The model is built on top of our experience of more than 30 years of providing technology and consulting services to hundreds of customers with a particular emphasis on those in complex, regulated industries, such as financial services, insurance and healthcare.

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 23, 2021

Choosing the right remediation partner

In a recent blog in this series, we previously discussed the importance of an effective response to planned and unplanned events for banks and insurers. Planning for disruptive events is also important for asset management operations, where an occasional mistake or event has a widespread financial impact on investors. In particular, there are some challenges and complexities that are specific to remediation.

Aug 18, 2021

Technology is leading an evolution in liquidity

Low interest rates and the “work from anywhere” environment have led to the rapid adoption of cloud-based investment systems and web-based services in the institutional liquidity space. This permanently changes the landscape and creates an ecosystem that enables new cash management functionality.

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.

Aug 4, 2021

Transforming the retail alternative space with SS&C Lyric

In the retail alternatives market, technology is essential to delivering a client experience that attracts customers and earns their loyalty. It’s also vital for creating more transparent, efficient operations to support increased growth. Yet, no solution exists today that digitizes the entire subscription process, simplifies the client experience and provides transparency throughout—until now.

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