Some members are excited for retirement, while others approach it with a “real sense of shame and fear”. Funds are going to have to figure out how to cater to both groups or risk failing them all.
If there’s one lesson for investors from the past five years, it’s that chopping and changing their strategy – even in the face of massive market turmoil – doesn’t always pay.
ESSSuper happy with new member app
ESSSuper’s recently released member app, developed in association with CapitalRoad Financial, has delivered 3,000 downloads and “received very positive feedback”, according to James Holmes, the fund’s manager of member engagement.
CapitalRoad is a Melbourne-based fintech developer and software-as-a-service provider who built the native iOS and Android application for mobile phone access to specific account information for members. The firm also recently won a deal to develop a new cloud-based front-end for the listed managedaccounts.com.au.
Holmes said last week that ESSSuper had some “great future enhancements” planned for the app. “We look forward to continuing our professional relation ship with Capital Road.”
Meanwhile, managedaccounts.com.au is partnering with CapitalRoad to implement a new solution for its user interface and middle office requirements to replace its inhouse developed and supported proprietary.
David Heather, managedaccounts.com.au chief executive, said the new solution represented a significant investment which would have major benefits for advisory firms, wealth managers, advisors and their clients.
It is expected to be live across all clients from September this year.
