Australian energy industry superannuation funds ESI Super and SPEC Super have agreed to create a new $3.5 billion fund and have appointed IFAA to administer the merged entity with Financial Synergy's market leading Acurity product selected as the administration platform.

DST Global Solutions (DST GS) today confirmed its support for technology recommendations arising from the Cooper Review into superannuation. The company believes that the business case for investment in systems renewal to take full advantage of straight through processing (STP) as defined by the Cooper Review is overwhelming and can no longer be ignored by industry participants.

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