Praemium has appointed OneVue as its superannuation administration, adding $425 million in assets to OneVue's super service.
Praemium managing director, Michael Ohanessian, said the partnership would be mutually beneficial and had encouraged great service to clients at scale.
"Praemium's fast-growing retail superannuation offer is being propelled by the rise of the SMA market," he said.
OneVue managing director, Connie Mckeage, said both groups had been aligned in their visions to create a better super experience for members.
The transition of assets is expected to be completed by the end of 2016.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.