Just a week after the announcement that it had lost the Australian Government Employees Superannuation Trust to Pillar, Superpartners has announced that it has renewed its long-standing contract with major West Australian-based fund, Westscheme.
The signing with the 137,000 member, $1.4 billion fund has prompted Superpartners to claim that it has now consolidated its position as Australia’s market leader in superannuation administration and related services.
The chief executive of Superpartners, Frank Gullone said that the administrator was excited that a fund as significant as Westscheme had decided to re-sign with Superpartners.
“This is particularly pleasing as it has come after an extensive review undertaken by Westscheme to assess value-for-money administrators,” he said.
Gullone sought to justify Superpartners’ claim to being Australia’s market-leader in superannuation administration and related services by claiming the statistics told the story with a fully integrated national infrastructure including seven offices and 1,000 staff servicing five million members, 365,000 employers and $39.8 billion in funds under management.
He said that in the past 18 months 12 of Superpartners’ clients had come up for contract renewal and, after market studies and negotiations, all of the funds had decided to continue their business with Superpartners.
