ING grabs QBE Staff Funds mandate
ING has picked up a key corporate superannuation mandate, winning the right to handle three QBE Staff Superannuation Funds and combine them into a single entity.
An ING spokesman confirmed the mandate this week and said it followed an extensive tender process conducted by QBE.
Under previous arrangements, the largest of three QBE funds had been administered by Russell, while ING had responsibility for the two small funds.
The funds are understood to have a combined value of around $350 million and to cover more than 3,000 members.
AUTHOR
Mike Taylor
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