Link Group have announced a new agreement with industry superannuation fund Rest which would see the former continue to provide retirement and superannuation solutions to the latter.
Link Group would continue to deliver superannuation administration and customer engagement services, while collaborating on development of new products and services with Rest.
The deal had an initial term of three years and eight months, with an option for Rest to extend the term for two consecutive 12-month periods.
The agreement meant the two organisations would continue their 26-year relationship.
Vicki Doyle, Rest chief executive, said: “To ensure we're always providing the best possible value, the agreement provides flexibility to adapt as the needs and expectations of our members and employers – and the industry – evolve".
Dee McGrath, Link Group’s retirement and superannuation solutions CEO, said: “This reappointment by one of Australia’s leading industry super funds is a validation of the superb work of our Retirement & Superannuation Solutions team, and of the strategic alignment between the two organisations".
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.