Link Group have announced a new agreement with industry superannuation fund Rest which would see the former continue to provide retirement and superannuation solutions to the latter.
Link Group would continue to deliver superannuation administration and customer engagement services, while collaborating on development of new products and services with Rest.
The deal had an initial term of three years and eight months, with an option for Rest to extend the term for two consecutive 12-month periods.
The agreement meant the two organisations would continue their 26-year relationship.
Vicki Doyle, Rest chief executive, said: “To ensure we're always providing the best possible value, the agreement provides flexibility to adapt as the needs and expectations of our members and employers – and the industry – evolve".
Dee McGrath, Link Group’s retirement and superannuation solutions CEO, said: “This reappointment by one of Australia’s leading industry super funds is a validation of the superb work of our Retirement & Superannuation Solutions team, and of the strategic alignment between the two organisations".
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.