The rush of large corporate funds outsourcing continues with the $443 million Wesfarmers Superannuation Fund and the $300 million MIM Super Plan, both involved in tenders.
Wesfarmers’ superannuation co-ordinator Joanne Lester confirms that her fund has enlisted the help of PricewaterhouseCoopers in Perth in its tender.
The fund is considering a full outsourcing move, including outsourcing its trusteeship, implemented consulting and administration, but might not go the master trust route, she says.
Meanwhile, the MIM fund, which has around 4000 members, has engaged tender consultant Warren Chant to assist in its review. Chant says the five master trusts being considered are “the usual suspects plus Sunsuper”.
