Super funds risk 'falling behind': MUFG

MUFG Retirement Solutions has called for an industry-wide uplift in digital identity and fraud protection capabilities as it works with the Australian government and super funds to pilot a new digital ID tool.

- Eliza Bavin

Speaking exclusively with Financial Standard, MUFG Retirement Solutions (ANZ) chief executive Frank Lombardo said super funds that don’t embrace emerging technologies risk “falling behind”.

“... and not just from a security perspective, but also from a [member] experience perspective,” Lombardo said.

“The transformation that comes from technology changes the way we work, it changes member online portals and mobile apps - and to leverage that technology is where the experience benefits come from.”