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STC awards admin services contract to Pillar
SAS Trustee Corporation (STC) has given Pillar Administration another five year contract to provide it with administration services.
This will include support for their defined benefits schemes.
It comes after FSS Trustee Corporation also re-signed with Pillar.
Chief executive officer of Pillar Administration Peter Brook said the two parties have been working on this contract for a little while.
Pillar has more than $96 billion under administration across over 1.13 million member accounts.
STC has the fifth largest total pool of funds under management in Australia.
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