POWERED BY MOMENTUM MEDIA
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.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
