We built Tau because we recognised an urgent need in the wealth industry for an administration solution that addressed the full breadth of their operational needs: investor record-keeping, broker management, web-based access, investment trading and financial management across a range of investment products. Now looking at the retirement fund industry we see many of the same needs have emerged, coupled with enormous pressure to reduce member costs and simultaneously improve service levels.
Today we are excited to announce Tau 5.38 with support for the administration of pension funds, provident funds, umbrella funds, group retirement annuity plans and similar retirement savings vehicles. With this release we have brought the automation and flexibility of our investment management platform to retirement administrators, along with added support for the specific needs of their industry.
With Tau 5.38 you can:
The new features are available for use by all our clients from 1 November 2020 and we're looking forward to helping them leverage Tau to grow their retirement administration businesses in the future.