The Quadrant and Tasplan Super merger has increased its staff by 38, bringing a total of 88 full-time employees with more recruitment likely, Tasplan announced.
Tasplan has brought its administration and call centre operations from the mainland to Hobart, and since today's merger, the super fund has implemented a new contact centre and administration function.
Tasplan chief executive, Wayne Davy, said "the in house contact centre, enhanced administration systems and increased staffing levels means the organisation represents a true centre of excellence here in Tassie".
"Looking to the future, we are extremely enthusiastic about our proposed merger with the RBF Tasmanian Accumulation Scheme. It will be a huge step for super in the state — and enormously beneficial for members, staff, and the Tasmanian community," Wayne said.
Following the merger with Quadrant, Tasplan has $3.3 billion in combined funds, 100,000 members, 15,000 employers, nine investment options, and 88 employees.
The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.