The new modules allow funds to separately account for member direct assets and to connect with third party brokers for execution, tax and asset administration.
“The provision of capabilities that simplify the implementation of member direct services is the latest example of the value we are able to add,” Bravura chief operating officer Jason Tong said.
“The new services and modules help our clients extend the range of investment options needed to meet higher member expectations for choice and flexibility.”
The new services are available within Bravura’s superannuation administration systems Calibre and SuperB and are a native function within Sonata.
Mr Tong said the ability of “broker-agnostic” integration software will make it more cost effective for Bravura’s clients to add member direct services to their offering and to meet client demand.
“The demand by members for greater control of investments, within both superannuation and pensions, has led to the need for capabilities to help funds and administrators deliver more sophisticated service to clients,” Mr Tong said.
“Our new services aid funds and administrators in providing their members with this control and offer a lower cost alternative to a self-managed super fund.”
