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 November 2006 00:00
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Investments
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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