Welcome to Novigi’s Quarterly Report — Q1 FY2026. The Quarterly is our regular publication covering wealth management, data, and technology, in this edition we look at a few key recent trends and developments as well as some topics that have simply been on our minds. We’re glad you’ve found your way here and hope there’s something that helps you in your work or is just plain interesting. We always welcome feedback, follow-up questions, or even harsh criticisms, so please do reach out and share any thoughts.
The Quarter at a Glance
Covered in this quarter’s report are:
Where Superannuation Falls Short on Interoperability
Seamless data exchange is possible and has been talked about for years (including by us). In superannuation, SuperStream stands out as the gold standard, but we still see the gaps in industry-level interoperability as large and many. In this article, we look at the current landscape and pinpoint exactly what those gaps are. This is the third instalment in our series on superannuation’s underdeveloped operational infrastructure.
The Shield and First Guardian Failure: Data and Technology Lessons
The collapse of Shield and First Guardian, two managed investment schemes, has been widely reported and sent shockwaves through the industry, with almost 12,000 people facing the prospect of losing their entire retirement savings. From a data and technology perspective, we examine the two questions that matter most: what exactly went wrong, and how do we prevent it from happening again?
It’s the Vibe: What Vibe Coding Means for Superannuation
Generative AI is now well entrenched into so many facets of how we work, and it’s even introduced a whole new way to code. The barriers to creating working software have all but disappeared as vibe coding sees working prototypes built without a single line of code actually typed. There are clear use cases for super funds, but also familiar risks in new forms—making strong governance more critical than ever.
How to Retire Superannuation Systems and Retain Data Effectively
Change is relentless! So superannuation funds inevitably face situations where the best decision is to replace a legacy system. But these now redundant systems still hold data that is operationally valuable and often legally required. More often than not, this means legacy systems are kept alive in some form. We’ve encountered this challenge many times, so in this article we share our view on the best strategies to balance compliance, cost savings, and operational resilience.
The Quarterly - Q1FY26
The Quarterly — Q1 FY2026 brings together expertise from specialists across Novigi.
Key Contributors:
Ash Priest
Kevin Fernandez
Chaitanya Raju
Sunil Dargani
This report was also strengthened by a wider group of Novigi specialists, whose withering years of toil and rich experience added depth and clarity to the perspectives shared.
For more information about anything you’ve read here, or if you have a more general inquiry, please contact us.