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.”
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.