Sydney, 21 September 2022: Active Super has further enhanced its digital offering by launching an innovative online data tool, allowing greater transparency so members can see where and how their money is invested.
active super offers members greater transparency with 'super view' online data tool
With Super View, members can now see the identity, value and weightings of their investments across a range of asset classes and derivatives, including unlisted assets. They can drill down from either an asset class or regional level to sector-specific industries and companies, and click through to see the fund’s voting history for each company.
The data visualisation tool complements, but is separate to, the recent introduction of new government rules requiring superannuation funds to disclose their investment portfolio holdings to members.
“In addition to providing detailed portfolio information and data that is now required under the new regulations, Active Super has gone one step further by offering members a proprietary online data visualisation platform,” said Phil Stockwell, Active Super Chief Executive Officer.
“We asked some of our members what investment data they wanted represented in a visually rich manner. Most responded by requesting to see the exposure of global investments and the ability to easily see the industries and companies the fund invests in.
“With the help of investment technology company Investment Control Systems’ (ICS) cloud platform ATHENA, Active Super is providing a member-focused tool that allows greater scrutiny and transparency so members can see exactly where and how their money is invested,” Mr Stockwell said.
This latest initiative adds to Active Super’s digital offering following the launch last year of a new member online portal and native app to improve the digital experience for members, as well as Active Super Booster launched in May.
“This tool further enhances our transparency and elevates our multichannel member engagement experience. It supports our ambition to be a leading and innovative digital super fund,” said Chantal Walker, Chief Member Experience and Growth Officer at Active Super.
Digital agency Deepend Group worked on the visualisation platform to help bring the tool to life.
Under the Australian government’s Portfolio Holdings Disclosure (PHD) rules, superannuation funds are required to report their portfolio holdings every six months.
Watch the demonstration video here.