Link extends AustralianSuper mandate
Big superannuation funds administrator, Link Administration, has retained the key mandate of Australia’s largest industry superannuation fund, AustralianSuper.
Link, which has itself been a takeover target, announced to the Australian Securities Exchange (ASX) that its agreement with AustralianSuper has been extended by an additional two years commencing from 1 July, next year.
The AustralianSuper administration mandate is regarded as the most important held by Link.
The ASX announcement said that under the extended agreement Link Group would continue to provide superannuation administration and customer engagement services to the fund.
Is it not a cost of completing the transaction? Why should it be removed from any analysis, applicable govt charges…
Misleading figures. We’d have millions and millions removed in our client base with LS. Almost 100% came straight back in…
Financial planners, you know exactly what will happen next. Get your wallets out- Cslr bill coming your way!
Another day and yet another shouty SMC story running about trying to push regulators to enter union super into Australian…
These funds should be a lot more concerned about their investment returns, which are starting to look very sick. Waiting…