Praemium has appointed OneVue as its superannuation administration, adding $425 million in assets to OneVue's super service.
Praemium managing director, Michael Ohanessian, said the partnership would be mutually beneficial and had encouraged great service to clients at scale.
"Praemium's fast-growing retail superannuation offer is being propelled by the rise of the SMA market," he said.
OneVue managing director, Connie Mckeage, said both groups had been aligned in their visions to create a better super experience for members.
The transition of assets is expected to be completed by the end of 2016.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
Add new comment