AMP CustomSuper have notched up another win in the corporate superannuation outsourcing environment, with the announcement that more than 4500 Macquarie Bank employees had joined the AMP Customsuper master trust.
AMP director of Corporate Superannuation, Greg Healey says the appointment followed an extensive tender process with AMP emerging as the winner on the basis of its capacity to meet Macquarie’s specific requirements.
“AMP is pleased to be able to provide Macquarie Bank with the flexibility they require for their corporate superannuation fund both in terms of investment options and administration,” he says.
As part of the transfer of the Fund, AMP has undertaken a series of face-to-face meetings with Macquarie Bank employees at locations across Australia.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.
The shadow financial services minister has confirmed Labor’s retreat from the proposed $3 million super tax, describing the legislation as flawed.
Australia’s superannuation industry has reported over $2.6 trillion in total assets as at June 2025, with MySuper and Choice products showing market dominance.
Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.