NAB responds to Stronger Super reforms with FundEdge
19 December 2012 Sydney
Image: Shutterstock
To support clients with new regulatory requirements, NAB Asset Servicing has launched FundEdge. Clients will now have access to a range of new investment reporting solutions, including counterparty exposure reporting and asset allocation analysis reporting.
Counterparty exposure reporting will provide clients with a clear view on the total exposure to financial institutions acting as counterparties to appointed fund managers on OTC derivative transactions.
Asset allocation analysis provides support to trustee boards to monitor fund investment allocation by providing transparency of sector holdings and flows at a whole-of-fund level.
Peter Hele, managing director of product and strategic alliances at NAB Asset Servicing, said: “The Australian superannuation industry is experiencing a paradigm shift. The Stronger Super reforms MySuper and SuperStream represent the most significant changes to the superannuation industry since the inception of the Superannuation Guarantee in the early 90s.”
“We are committed to supporting our clients as they prepare for the reforms taking effect next year. We are taking the lead by working with clients, consultants and industry bodies to understand how to best deliver an appropriate and robust solution for the industry. FundEdge will better equip our clients with the information and tools they need moving into 2013.”
Counterparty exposure reporting will provide clients with a clear view on the total exposure to financial institutions acting as counterparties to appointed fund managers on OTC derivative transactions.
Asset allocation analysis provides support to trustee boards to monitor fund investment allocation by providing transparency of sector holdings and flows at a whole-of-fund level.
Peter Hele, managing director of product and strategic alliances at NAB Asset Servicing, said: “The Australian superannuation industry is experiencing a paradigm shift. The Stronger Super reforms MySuper and SuperStream represent the most significant changes to the superannuation industry since the inception of the Superannuation Guarantee in the early 90s.”
“We are committed to supporting our clients as they prepare for the reforms taking effect next year. We are taking the lead by working with clients, consultants and industry bodies to understand how to best deliver an appropriate and robust solution for the industry. FundEdge will better equip our clients with the information and tools they need moving into 2013.”
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