AAS take over PSI Superannuation Management
Link Group subsidiary AAS has taken over PSI Superannuation Management, picking up the Nationwide Superannuation Fund (NSF Super) administration contract in the process.
Link provides third party financial record keeper servicing to over 6,300 clients, 30 million shareholders and 4.1 million members.
AAS will take over as administrator for NSF Super, although PSI will continue the day-to-day administration operations.
NSF Super secretary Ian Morante said NSF was looking forward to the benefits AAS could bring, including resources, scale and expertise.
NSF Super currently has 85,000 members and $430 million in funds under management.
Chief executive for PSI Wayne Lowe said, "With the added support of our new parent AAS, the PSI team is looking forward to continuing to improve on the already high level of quality service that is provided to NSF Super members."
AAS was recently appointed to provide administration services for merging funds, Asset Super and Care Super due to commence in October.
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