Aon Australia has notched up another corporate superannuation outsourcing win, picking up the 5,100 member, $120 million Allianz Australia Super Fund.
Aon announced today that it had been appointed as administrator, consultant and professional trustee of the Allianz Australia Superannuation Fund.
Commenting on the appointment, Aon Australia’s head of superannuation, Steven Gaffney said it reflected the company’s “tailor-made approach” to superannuation.
He said Aon was not simply peddling an off-the-shelf product.
Gaffney said the Allianz appointment had followed similar wins with Minter Ellison Partners’ Superannuaiton, the Endeavour Foundation superannuation fund and the Sydney Turf Club superannuation fund.
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The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
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