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(June-2004) STA picks up new outsourcing tender
The Superannuation Trust of Australia (STA) has scored another corporate super outsourcing win, announcing that it has picked up the Cap-gemini Corporate Superannuation Plan.
The Capgemini Superannuation Fund has a membership of more than 400 and approximately $11 million in funds under management.
STA chief executive Mark Delaney says the tender win represents a great result for the STA Corporate product launched by the fund last year.
He says Capgemini joins other STA Corporate clients including Racing Victoria, PZ Cousins and Bluescope Steel.
He says STA is currently tendering for more than 10 more corporate funds that are considering outsourcing.
Explaining the decision to award the tender to STA, Capgemini Australia chief executive Steve Billingham says the firm was looking for a master trust-type product with a proven investment track record in addition to low costs, high levels of service and transparent fee reporting.
AUTHOR
Mike Taylor
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