Legalsuper stays with Link

Superannuation administrator, Link group has retained a key mandate with legalsuper announcing that it would be extending what has already been a 15-year association with the administration company.

Confirming the move, legalsuper chief executive, Andrew Proebstl said the reappointment had followed a rigorous competitive review which had had covered organisational strength, technology infrastructure, pricing and compliance.

He said the review process had been assisted by consultancy KPMG.

Proebstl said legalsuper had sought expressions of interest from six fund administrators but that it had opted for Link on the basis of new arrangements including daily unit pricing and increased transparency and immediacy around member account updates and transition to a new direct investment platform offered by UBS.

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