HostPlus hires 50 as call centre goes on the payroll

HostPlus has made the unorthodox decision to move its contact centre in-house, hiring 50 former Superpartners staff in the process.

The $5 billion fund is currently renegotiating its contract with administrator Superpartners but David Elia, HostPlus chief executive officer, said the decision to bring the call centre component of the administration in-house was all about control. “We’ve taken the decision to take control. Outsourcing effectively means you relinquish your control and that comes at a cost,” he said. Superpartners will continue to conduct the backoffice administration for HostPlus and the new contract arrangement is expected to be finalised next month. The contact centre went live on April 2, 2007 and Elia said the transition had been seamless. “It’s the closest thing to call centre heaven. It’s all part of our broad vision of being people focussed,” he said. Under contract negotiations, HostPlus were required to offer positions to all 54 former Superpartners employees who worked on HostPlus, and Elia says all but four took up the offer. “It’s the transition of a significant part of our business. We now control all the customer interfacing points,” he said.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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