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(August-2004) Metal recycler adds heat to BT corporate wins
BTFinancialGroup has registered another win in the corporate superannuation outsourcing stakes, picking up a $40 million mandate from big metal recycling group, Sims Group.
According to BT this takes the new mandates awarded to BT Corporate Super — comprising BT Business Super and BT Lifetime Super — Employer plan — to 1,940, and 135 this year.
BT national corporate super sales manager Simon Donohoe says the Sims mandate follows on from BT’s recent $37 million mandate from AstraZeneca.
He says the Sims mandate is a hybrid defined benefit/accumulation fund with 750 members, with Sims’ default portfolio being BT’s Multi-Manager Balanced Fund.
AUTHOR
Mike Taylor
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