INGhas notched up another corporate superannuation outsourcing win, picking up the $29 million .
ING executive director, employer super, said that ING had won the Sanofi-aventis plan as part of a rigorous selection process, despite ING previously managing the $9 million super plan.
He said that Sanofi synthelabo merged with in late 2004 and as a result both plans had been merged and put out to tender.
“Sanofi-aventis was looking for a comprehensive super product that was competitive, could be tailored to its needs, and had a dedicated local support team,” Bowden said. “We are delighted to be in a position to provide this.”
Super funds are strengthening systems and modelling member benefits ahead of payday super.
The Australian Taxation Office (ATO) has approved real-time payments for superannuation, removing a major hurdle ahead of payday super reforms.
The responsible investment body has emphasised the importance of clear communication as ART takes a substantial shareholding in Tabcorp.
Australian super funds have posted early gains in FY26, driven by strong share market performance and resilient long-term returns.