Bravura extends UniSuper licence
Bravura Solutions has extended its contract with industry super fund UniSuper to licence its online ePASS system for use by participating employers for a five-year term.
In 2008, UniSuper purchased a five-year licence for ePASS to be used by its non-participating employers that make superannuation contributions on behalf of former university employees.
ePASS will now be progressively rolled out to participating employers that contribute on behalf of current university employees.
ePASS is an online service that can be used across different savings and retirement products to allow superannuation providers to deliver online services to employers, members and advisers.
“Extending the ePASS solution at UniSuper will contribute significant reductions in administrative overheads. It will also improve the fund’s accuracy and efficiency when processing member contributions,” said Bravura group chief executive officer Simon Woodfull.
AUTHOR
Ashleigh McIntyre
Recommended for you
Licensees are being reminded to take prompt action once their licence is granted as ASIC cancels the AFSL of a Sydney firm.
Appearing before the Senate economics committee, WT Financial managing director Keith Cullen has described the first tranche of QAR legislation as a “ticking time bomb” in its current form.
Licensees are figuring out how to navigate the annual superannuation performance test to avoid any clients being stuck in affected funds and whether they need to start running their own internal tests.
The corporate regulator has made a suspension and a cancellation of the AFSL of two Queensland-based firms.
