Australia’s largest superannuation administration company, Link Market Services is extending its presence in the United Kingdom via a key acquisition.
Link confirmed to the Australian Securities Exchange (ASX) on Monday that it had acquired Capita Asset Services from its UK parent company, Capita Plc.
It said that as a result of the transaction, Capita Asset Services had been immediately rebranded in the UK as Link Asset Services.
Commenting on the transaction, Link Group managing director, John McMurtrie said the transaction ensured Link’s ownership of a business with leading market positions across its fund, shareholder, corporate services, private client and debt service lines.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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