Measuring success

written by Steve Shoreson

For a number of years, APRA has been advising superannuation fund trustees to improve data quality while ASFA has actively encouraged funds to do the same. STEVE SHORESON analyses why some funds have improved more than others.

The ASFA Equifax Data Benchmark tests the data quality of member data fields including names, Tax File Number, date of birth, address, beneficiaries and other key fields. Tests that are common to all funds are used to create a benchmark, which measures the percentage of members with no errors in the data tested...

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