MLC MasterKey Business Super has won the right to provide corporate superannuation services to two Western Australian mining companies.
The two new mandates with drilling contractor Swick Mining Services and iron ore producer Atlas are worth over $10 million in combined funds under management.
MLC MasterKey Business Super general manager Michael Muholland said the combined resources of MLC and NAB Wealth meant the fund could put together "competitive deals that are catered to each company's needs and wants".
He added that MLC MasterKey offered insurance benefits, financial education, a rewards program and a medical service for members under 65 who hold income protection insurance.
"MLC MasterKey Business Super is the superannuation plan for employers who view their corporate super plan as more than just a compliance exercise, but instead as a real benefit for their employees," Mulholland said.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.