Trust Company has picked up a key superannuation mandate, with Financial Synergy subsidiary Top Quartile Management awarding it a $200 million mandate to act as trustee for a number of superannuation funds.
Commenting on the mandate, Trust’s executive general manager of institutional services, Vicki Allen, said it represented a significant win for the company.
The list of funds to be migrated to Trust includes Austock Brokers Superannuation Fund, GrowSuper Model Super Fund, Super Synergy Fund, Synergy Secure, Top Quartile Super Trust and Wealthcare Super Service.
According to Trust, Financial Synergy will continue to administer the funds while Trust will oversee compliance, investment of fund assets, communication, accounting and administration.
