Case Study: Advisory And Market Research On Contribution's Management
QMV were engaged by a large superannuation fund to provide advisory and market research on contribution’s management in relation to their current practices. The fund required context around its position in the market and sought options to help inform and develop their employer and technology contribution’s management strategies.
Key objectives under these strategies included improved data quality, greater efficiencies and managing operational risks relating to employer contribution’s processing within the fund’s existing risk framework.
QMV advisors reviewed and analysed the fund’s current state of contribution’s management and position relative to the market. QMV conducted extensive market research which involved mapping the fund’s contribution’s management practices against best practice, competitor practices, third-party providers, single touch payroll, SuperStream, Productivity Commission findings and future trends in regulations and technology including the new payments platform.
QMV provided a detailed and practical report offering fund executives a clear view of the contribution’s management landscape and payroll data processing practices highlighting inherent challenges and opportunities. Specific advice and practical recommendations were provided around reducing operational risk, increasing efficiencies and improving the experience of its core employer group by making things simpler and by promoting collaboration and dual-ownership.
The report also covered emerging trends in technology and explored how managing contributions in the future may be administered.