Tailored Superannuation Solutions

Tailored Superannuation Solutions has developed an implementation-ready Software as a Service (SaaS) product that helps super funds satisfy the new APRA’s new Prudential Standard SPS 515 (Strategic Planning and Member Outcomes) regulation by improving individual outcomes as it automatically tailors members’ investment options to an individual’s projected outcome rather than using a one-size-fits-all ‘balanced option’ or ‘age-only’ life-cycle default approach. The Company’s innovative solution, Trustee Tailored Super (TTS) automatically allocates an existing investment option to a member based on their projected retirement balance and age, which leads to a better retirement outcome. The Productivity Commission in January 2019 found this well-designed life-cycle approach is better. The World economic forum in June 2019, for more risk for younger and middle-aged workers, personalised to their circumstances was the key to fixing impending retirement funding gaps world-wide. The solution typically increase growth assets by a third for younger members, increases retirement outcomes on average by a third and reduces risk as retirement approaches. Tailored Super’s automated tailored and cohorting approach, which is patented until 2030, will help super funds assess if they meet the new APRA outcomes test and if they have a well- designed life-cycle product.