Aon Australia has notched up another corporate superannuation outsourcing win, picking up the 5,100 member, $120 million Allianz Australia Super Fund.
Aon announced today that it had been appointed as administrator, consultant and professional trustee of the Allianz Australia Superannuation Fund.
Commenting on the appointment, Aon Australia’s head of superannuation, Steven Gaffney said it reflected the company’s “tailor-made approach” to superannuation.
He said Aon was not simply peddling an off-the-shelf product.
Gaffney said the Allianz appointment had followed similar wins with Minter Ellison Partners’ Superannuaiton, the Endeavour Foundation superannuation fund and the Sydney Turf Club superannuation fund.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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