CARE Super is reviewing its member administration function, last week sending tender documents to interested third-party administrators (TPAs).
The CARE contract, involving about 220,000 members and 28,000 contributing employers, is currently with Australian Administration Services. The fund, which was established in 1986 and has about $3.6 billion under management, is a coveted client. It has the highest – platinum – rating from SuperRatings and this year came out on top in the Heron Partnership survey of 78 retail super offerings It is understood that the review is part of the fund’s standard processes for best practice. The fund’s asset consultant is JANA Investment Advisers and custodian is NAB Custody.
09/10/2007
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Investments
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
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