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Australian Super picks up MasterSuper mandate
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| Mark Sladden
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AustralianSuper has reinforced its position in the Australian market, with its corporate superannuation division picking up the mandate for the former Elders Limited fund MasterSuper.
The mandate was confirmed this week by the executive officer of MasterSuper, Mark Sladden, who said the decision had followed an extensive tendering process.
He said the decision meant the fund would be able to offer its members the benefits that a fund the size of AustralianSuper could bring.
MasterSuper boasts around 12,500 members and $650 million in funds under administration. The mandate will bring AustralianSuper’s corporate business to 45,000 members and $1.9 billion in funds under administration.
AUTHOR
Mike Taylor
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