POWERED BY MOMENTUM MEDIA
Aware Super retains Link Group through VISSF merger
Link Group has been awarded a contract by Aware Super to provide defined benefit administration to former Victorian Independent School Superannuation Fund (VISSF) members.
The completion of Aware Super and VISSF’s merger was announced in December and followed the completion of the successor fund transfer.
Aware Super’s executive consultant corporate development, Michael Dundon, who is leading the fund’s merger team, said the move to appoint Link Group would support a seamless transition for VISSF defined benefit members.
“We’ve retained Link Group to ensure customer experience across our platform and communications is simple and engaging for all former VISSF defined benefit members and the transition to Aware Super is as smooth as possible,” he said.
“This new relationship with Link Group will complement the significant project that is currently underway to in-source our broader member administration. This project is expected to be delivered in stages over the coming 18 months.”
Recommended for you
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
