Just weeks after being acquired by Telstra, Australian Administration Services have won a key superannuation administration mandate by being appointed by Christian Super under a five-year contract.
The appointment sees the 13,000 member $240 million Christian Super switching from Mercer after a nine-year relationship.
Christian Super chief executive Paul Beckmann stresses, however, that the fund had been served well by Mercer during the relationship.
He explains that the move was based on the fund’s changing needs.
“Recognising the fund’s rapidly changing client base and servicing needs, we sought a partnership which would provide maximum alignment with our future direction,” Beckmann says.
Christian Super has grown relatively rapidly over the past 18 months, merging early last year with the Australian Baptist Retirement Fund (ABRF) and the Church of Christ and a further merger looming later this year with the Anglican SuperFund.
