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Westpac scraps SG direct debitsBY KARREN VERGARA, JAMIE WILLIAMSON | MONDAY, 21 SEP 2020 6:00AM
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem.
Read more: Westpac, ATO, Superannuation, SuperStream, AustralianSuper, QuickSuper, Australian Banking Association, Australian Tax Office, BT, CareSuper, Dean Martin, Hostplus, Industry Super Australia, InPayTech, Shawn Blackmore, Single Touch Payroll, Statewide Super
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Aware Super is implementing a new suite of technology products that will allow it to in-source member experience, including administration, so far done by Mercer.
Russell Investments has launched a new personalised super product, replacing its MySuper offering as it eyes mandates from other funds.
An investment advisory boutique which soft launched in September, headed by former PwC chief executive Luke Sayers, has bolstered its leadership team.
Design and distributions obligation (DDO) reforms may have been pushed back to October next year as a result of COVID-19 but ASIC said it is top of the priority list for 2021.
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