POWERED BY MOMENTUM MEDIA
Clark Equipment chooses MLC Business Super
MLC Business Super has secured the rights to manage the $15 million Clark Equipment Australia Group staff superannuation fund.
The decision was based on which superannuation fund manager provided the best full value proposition, including cost, member benefits, and insurance.
General manager of MLC Business Super, Michael Mulholland, said the win demonstrates the firm's commitment to the corporate superannuation market.
"Over the last 12 months alone, we've created 16 additional roles focused exclusively on developing product and service offerings to our clients," he said.
Mulholland said the firm has also increased its market presence and expanded its team of relationship managers and account managers to support clients. He also flagged a range of product enhancements currently "in the pipeline".
Clark Equipment Australia Group chief executive Robert Hammond said the transition from the company's previous super fund has been smooth, with "regular communications and even on-site visits to speak with employees".
MLC Business Super is part of MLC and NAB Wealth, and provides superannuation services to small to medium enterprises. Clark Equipment is a manufacturer and distributor of industrial equipment, with approximately 500 employees in Australia and New Zealand.
AUTHOR
Angela Welsh
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
