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.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.