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.
9 October 2007 00:00
partnership, heron, rating, platinum, advisers, fund’s, Retail, consultant, survey, offerings, standard, superratings
Investments
The $50 billion investment manager for the South Australian state government is moving towards a “lite” version of the total portfolio approach, with chief investment officer Con Michalakis determined not to miss a good investment opportunity just because it doesn’t fit into an asset class bucket.
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