APRA and ASIC Warn Superannuation Funds Must Ensure Member Fees Are Appropriate and Correct 

In a letter sent to registerable superannuation entity (RSE) licensees on 10 April 2019, APRA and ASIC reinforced the importance of oversight to ensure fees charged to members are correct and in their best interest. This included a range of issues and ‘approaches for actions’ to address the oversight.  

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Superannuation Fund Administration Migrations – How To Get It Right

Trustees regularly put their administration up for tender and a successful bid often results in a fund migration. This may be between administrators or just platforms within an administrator. Each migration is unique and presents its own set of challenges and disruptions…

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Q&A – Tom Seel Reviews Investigate Data Quality Software Tool

Tom Seel is the product lead at QMV and has been involved with Investigate since its inception. He is passionate about data and data-centric projects having been involved in numerous data migration and data remediation projects throughout the superannuation industry.  

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QMV Hosts Trivia Night To Raise Funds For The Flemington Homework Club

QMV’s Corporate Social Responsibility (CSR) group held the annual trivia night last Friday evening to raise funds for The Flemington Homework Club. CSR Chair, David Mehmed would like to extend appreciation to everyone who took part. We raised $6,829 for this worthy cause and it would not have been possible without the generosity and intellectual horsepower of our guests! 

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Investigate Named 'Compliance Innovator' Finalist In 2019 Fintech Business Awards

QMV is extremely honored to have our data quality technology, Investigate named as a finalist for Compliance Innovator of the Year at the 2019 Fintech Business Awards. The nomination is very timely given the findings of the royal commission and the appetite for raising benchmarks across the industry.  

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Productivity Commission Recommendation 14: Not-for-profit for all?

The long-awaited Productivity Commission report on its three-year inquiry into competition and efficiency in superannuation has made a curious finding and recommendation that "because super funds are legally obliged to act in members' best interests, the fees they charge should not exceed cost recovery levels."

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Royal Commission: Organisations Best To Check Rear-View Mirror Before Rushing Forward

QMV recently hosted a panel of insurance and superannuation leaders to discuss the path forward post the royal commission. The purpose of the event was to share initiatives and ideas that will drive an industry-wide transformation around people, process and technology.

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QMV Celebrates Ten Years In Style

QMV recently celebrated our ten-year anniversary at Mornington Peninsula's internationally acclaimed Moonah Links Golf Resort. Getting out of our suits and away from the city allowed us to pause, connect with one another and reflect on the many achievements and challenges since the company was formed in 2008. 

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Best-Interests Duty Is Not That Complicated

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has thrown some light onto the superannuation sector’s conduct while left alone in the dark with the retirement savings of Australians.

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Take Control To Restore Public Trust In Financial Services

The risks of managing other people's money have been laid bare over the course of the ongoing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services. Taking a closer look at the internal control environment is a sensible place to start rebuilding trust.

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QMV Relocates To New Sydney Office

QMV has moved into new Sydney offices situated on Clarence Street. Our permanent base in Sydney is fast approaching twelve months and we sincerely thank QMV's valued clients and friends for their backing. 

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QMV Expands Sydney Office Appointing New Principal Consultant Wendy Colaço

QMV has appointed Wendy Colaço as principal consultant to lead QMV's Sydney office and provide consulting services to QMV clients. Wendy is a highly driven and energetic professional who joins the team at a period of significant growth.

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Superannuation fund operational expenditure - increasing or decreasing?

Data recently released by APRA provides a high-level picture of the trends in operational expenditure by most large superannuation funds in Australia. 

QMV’s analysis of the data shows that since 2004, with the growing scale of assets within the superannuation system means…

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Rethinking superannuation data and member engagement

Many super funds are investing heavily in data profiling and predictive analytics solutions which promise to unlock a tidal wave of insights, often geared toward improving “member engagement”. Indeed, the term “actionable insights” has been dropped countless times across the latest financial services conferences. 

But mostly, these analytics solutions are just providing more data — not insights – and it is no wonder.

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Pre 2018-19 Commonwealth Budget - What Might Be In Store For The Superannuation System?

After a busy few years of regulatory change, the 2018-19 Commonwealth budget is shaping up to continue the trend as yet another important policy intersection for the Australian superannuation and pensions system.

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Make Way Superannuation Complaints Tribunal (SCT) Here Comes The Australian Financial Complaints Authority (AFCA)

The Australian Financial Complaints Authority will replace the Superannuation Complaints Tribunal; the Financial Ombudsman Service (FOS); and the Credit and Investments Ombudsman (CIO), no later than 1 November 2018.

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