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.
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.