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Link forecasts flat admin revenues
Major administration company, Link Market Services is forecasting flat revenues from its administration business over the next financial year as it continues to digest is acquisition of SuperPartners and accommodate mandate losses.
Link chief executive, John McMurtrie has told the company’s annual general meeting this week that fund administration revenues would likely remain as the underlying organic growth drivers of contracted price escalations and member growth were offset by the full-year impact of the Superpartners price discounts.
However he said the anticipated win of client, RBF was like offset the company’s loss of the Kinetic Superannuation mandate announced earlier this year.
While pointing to these issues, McMurtrie indicated the company remained the beneficiary of the recurring revenue inherent in superannuation administration.
“The underlying organic contributors of price escalators and core member growth in of our fund administration business continue to remain a positive feature of our business,” he said.
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