POWERED BY MOMENTUM MEDIA
Mine Super to be first SS&C Australian super client
SS&C Technologies Holdings, Inc., the world’s largest fund administrator and leading outsourcing provider, has signed an agreement with Mine Superannuation Fund to deliver administration services to its members.
Mine Super would be its first client to deliver superannuation administration services in Australia.
Mine Super currently managed $12 billion of funds on behalf of 55,000 members and recently signed a Memorandum of Understanding to merge with TWUSUPER.
"This agreement represents an alignment of strategies, allowing Mine Super to continue focusing on member-first outcomes through SS&C's modern, differentiated administration offering,” said Nick Wright, SS&C's head of global investor and distribution solutions.
“The teams transferring to SS&C are pivotal to providing exceptional service for Mine Super's members and key to the growth of our BPO offering in Australia.”
With the agreement, Mine Super members would be able to receive superior digital experiences, greater engagement, and stronger retirement outcomes through SS&C’s investments in digital technologies and intelligence automation.
Vasyl Nair, Mine Super CEO, added: “Having worked with the SS&C team for a number of years, it became clear that their global expertise in BPO could be leveraged onshore.
“We're proud to externalise our administration to such a large and well-established business that will continue to enable Mine Super to deliver better value and service to our members."
AUTHOR
Rhea Nath
Rhea L Nath is a journalist at Money Management and Super Review, with a focus on financial advice, investments, funds management, and superannuation. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Recommended for you
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment