AAS wins Christian Super mandate
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.
AUTHOR
Mike Taylor
Recommended for you
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
