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.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
Australia’s second-largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets that deliver a combination of financial, social, and environmental outcomes.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.