The Qantas Superannuation Plan is understood to have selected the IBM/Russell partnership as its preferred outsourced provider of member administration.
The board of the $5 billion corporate fund is understood to have passed on Mercer HR in preference for the IBM/Russell partnership, in which the former organisation runs the operations and the latter the client relationships. It is not known whether a contract with IBM/Russell has been finalised, or the extent to which any new relationship will impact on Qantas Super’s internal administration team. Qantas Super chief executive, Jeremy Edmonds, was unavailable for comment as to whether a final commitment to outsourcing administration had been made.
21/11/2006
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Investments
The outgoing chief investment officer of AustralianSuper Mark Delaney said one of the biggest regrets he will have as he leaves the $410 billion fund is not going overweight on the AI and digital thematic in public markets sooner, as the nation’s most powerful allocator reflects on the investment case of the technology sector in the superannuation summit in New York last week.
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