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".
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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