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AMP wins corporate mandate
AMP Limited has picked up a new corporate superannuation mandate – the Western Australia Water Corporation Superannuation Plan.
AMP announced this week that the plan, which currently has more than 3,500 members and $450 million in funds under management, would be transferring to AMP's SignatureSuper master trust.
AMP won the mandate as part of an extensive competitive tender process.
Commenting on the mandate win, AMP group executive, wealth solutions and customer, Paul Sainsbury said the selection had followed AMP SignatureSuper being named as the top-rated corporate product by the Peron Partnership.
"We are delighted to help support the financial wellbeing of Water corporation's employees," he said.
"Customers will have access to a range of investment options, digital tools and educational resources to help them manage their super savings and achieve their retirement goals."
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