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Intech appointed by BOC Fund
Intech Investment Consultants have scored a significant corporate superannuation outsourcing win with its appointment as the implemented consultant for the $465 million BOC Gases Superannuation Fund.
Announcing the decision to retain Intech this month, BOC Superannuation manager, Allan Murphy said it had been taken in a bid to improve efficiencies, lower costs and to facilitate the introduction of member investment choice.
“While there is no significant demand for investment choice from the current BOC Fund members, an increasingly open and competitive superannuation market demands flexibility,” he said.
Murphy said the move to Intech had followed a formal tender process.
He said that while Intech would be the implemented consultant, some of the fund’s alternative assets would stay directly held by the trustee, at least for the short-term.
The BOC Fund has 3,000 members.
AUTHOR
Mike Taylor
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