Equity Trustees has appointed the innovative and fast-growing technology business Nuj to implement their data insights capability with a regulatory data platform for the unique independent superannuation trustee business.
Nuj’s Data Platform has been developed to solve for APRA’s growing, data-driven Superannuation Data Transformation program that has forced superannuation funds and their trustees to analyse their data more deeply before reporting it to the regulator.
Regulatory performance measures like the Your Super Your Future Annual Performance Test along with annual Heatmaps are both calculated from data reported under this new reporting regime.
Nuj Super’s Founder and CEO, Matt McKenzie, said: “We have a strong partnership with Equity Trustees, having worked closely with them over the last 18 months growing their data insights program, and are extremely excited to have them on our platform.”
“APRA’s growing regulatory program is putting increased pressure on superannuation trustees, and our data platform looks to relieve some of that pressure through automation, validation and insights.”
Equity Trustees executive general manager of superannuation trustee services Mark Blair said: “Our aim is to use the most effective tools available to enable us to do the best possible job fulfilling our responsibilities as an independent specialist superannuation trustee. Efficient analysis and data transparency, and automated, digitised process help control and identify risk – setting a high standard for superannuation trusteeship which is the foundation of a robust, secure superannuation system designed to produce optimal member outcomes. We’re pleased to be working with Nuj to ensure we make effective use of the newest developments in digital technologies and apply them to our purpose.”
