Link Group has secured a five-year extension to its existing contract with building, construction and civil industries superannuation provider BUSSQ.
Dee McGrath, Link Group retirement and superannuation solutions chief executive, said the renewal was a significant milestone in the longstanding relationship between the two companies.
“BUSSQ has a fantastic performance record, and the ability to showcase fund performance alongside projected savings amounts will be a continued comfort to all of its members,” McGrath said.
“We look forward to working with BUSSQ to continually innovate on the member experience.
“The length of reappointment is also testament to the continued commitment of our retirement and superannuation solutions team, who continually strive to improve our technological and service offering to the benefit of all of our clients.”
BUSSQ was established in 1985 to secure the financial future of workers in the building, construction and civil industries and managed $5.6 billion in assets on behalf of more than 60,000 members.
Damian Wills, BUSSQ chief executive, said the decision to reappoint Link Group would deliver “excellent outcomes” for fund members.
“We ran an extremely competitive and comprehensive tender which reconfirmed that Link Group was the best partner for our organisation and our members,” Wills said.
“The quality of Link Group’s technology and enthusiasm of the Link Group team to continually evolve and improve the interface for our members has made us extremely confident in our extension.
“As Australians become increasingly invested in their super, we are excited for what the next five years of our partnership brings to our members.”
BUSSQ Balanced Growth Super option and Balanced Growth Income account option for the financial year to 24 March, 2021, returned 10.1% and 9.45% respectively. BUSSQ has maintained an average return of 9.59% over the last 35 years.