Specialist superannuation administrator Australian Administration Services (AAS) has suffered a setback, losing its mandate to handle Queensland-based industry fund Austsafe.
Super Review understands that Austsafe, which has strong links to the Australian Workers’ Union and covers agricultural workers, has handed its administration mandate to SuperPartners following a review and competitive tendering process.
Austsafe has 150,000 members and boasts around $820 million in funds under management.
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