AMP Limited has picked up a new corporate superannuation mandate – the Western Australia Water Corporation Superannuation Plan.
AMP announced this week that the plan, which currently has more than 3,500 members and $450 million in funds under management, would be transferring to AMP's SignatureSuper master trust.
AMP won the mandate as part of an extensive competitive tender process.
Commenting on the mandate win, AMP group executive, wealth solutions and customer, Paul Sainsbury said the selection had followed AMP SignatureSuper being named as the top-rated corporate product by the Peron Partnership.
"We are delighted to help support the financial wellbeing of Water corporation's employees," he said.
"Customers will have access to a range of investment options, digital tools and educational resources to help them manage their super savings and achieve their retirement goals."
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
The corporate fund has announced it is seeking a suitable merger partner as the number of corporate super funds in Australia continues to dwindle.
Add new comment