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First State Super retains ACT default mandate
First State Super has retained a key mandate having again been selected as the default fund for ACT Government employees.
The mandate has been confirmed by First State Super's chief executive, Michael Dwyer, who said it had represented a continuation of his fund's relationship with the ACT Government dating back to 2006.
He said the mandate had been won off the back of a tender process run by the ACT Government.
"Our relationship with the ACT Government began back in 2006 when we were awarded the tender to be their default employee fund for a period of five years. This was then extended through until 30 June this year," Dwyer said.
He said the fund had opened an office in 2010 and now boasted 32,000 members and $1.5 billion in funds under management in the ACT region.
"Our local Canberra office has both financial planning and business development staff and our team will continue to expand in response to members' needs," Dwyer said.
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