Towers Watson, Link Group partner on admin
Towers Watson and the Link Group have announced a partnership to provide an alternative superannuation administration provider.
The partnership will allow Towers Watson clients to access Link’s aaspire administration platform and employer portal through its wholly-owned subsidiary Link Super.
“We have been very impressed, in particular, by the aaspire platform's ability to configure and handle complex defined benefit arrangements,” said Towers Watson Australia managing director Andrew Boal.
The partnership gives Towers Watson the opportunity to grow its administration business, particularly in the corporate and public sectors, as well as industry funds with defined benefit divisions, he said.
Link Super chief executive Phillip Muhlbauer said the transition had been completed successfully. In recent years all AAS clients had been moved onto the aaspire platform with the firm now able to leverage that investment into the corporate and public sectors through Link Super, he said.
Recommended for you
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
