Super Calculators
Funds are required to develop a retirement income strategy to assist members with achieving a suitable income in retirement. Our Super Calculators can help you to assist your members making key decisions for retirement planning as well as other financial decisions in respect of Superannuation.
About
With the ever-increasing need to provide super fund members with new or further digital services to help support their journey through retirement, Deloitte has you covered. Deloitte has a range of super calculators that can be used as an off the shelf tool, as well as Application Program Interfaces (APIs) that can be utilised for your own front-end systems to enable desired experiences, member communication activities or data insight queries.
Our experienced team with a unique combination of superannuation knowledge, mathematical and actuarial capabilities, technology expertise, implementation experience and client testimonials, can help you develop super calculators to meet your and your members’ needs.
Our Super calculators and digital tools
FIRE API
The Deloitte Flexible Interactive Retirement Estimates (FIRE) API can be used by super funds, facilitating a nimble microservices architecture across the fund to produce retirement estimates for their members in line with RG276. The Super fund can also use the FIRE API to provide both static and interactive retirement estimates for their members, as well as providing member analytics and insights. Capabilities of the FIRE API include, automated screening rules, targeted member marketing and automatic quarterly legislative updates.
Rapid Retire
Rapid Retire is Deloitte’s unique and interactive accelerator to helps funds communicate retirement outcomes to members. Rapid Retire allows users to enter details such as age, current superannuation balance, investment strategy and optional career break. This will instantly provide a year-on-year illustration of potential retirement income, including Age Pension, and allow the user to adjust many factors to see how their retirement income might change under a range of scenarios.
Phoebe
Phoebe is a retirement planner API that underpins our retirement calculations. Deloitte can build bespoke front end digital tools that can consume Phoebe so that funds can add this to their own browser for members to use as part of their retirement planning.
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Other Super calculators
Insurance Needs
These calculators allow the user to enter details such as age, annual income, any dependants and spouses, current assets, debts and other assumptions. The calculator then displays the insurance need for Death, TPD and Income Protection based on the information entered.
Bespoke APIs
Deloitte has assisted many superfunds and insurers with bespoke complex builds for super calculators. Our experienced team can build bespoke APIs across a range of areas, for example modelling longevity products, life expectancy APIs, advice APIs, and many more.
Data Analysis and Modelling
Deloitte can undertake complex modelling to undertake data analytics delivering significant insights from your membership (leveraging standard member data, meta data and data driven assumptions). Further, Deloitte can build complex models to undertake model validation services to help you identify model risks and regulatory gaps.
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Further, Deloitte can undertake complex modelling to undertake data analytics delivering significant insights from your membership (leveraging standard member data, meta data and data driven assumptions). Further, Deloitte can build complex models to undertake model validation services to help you identify model risks and regulatory gaps.
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