After conducting an internal review of its fund administration system, Legalsuper has renewed its contract with the incumbent provider.
The $1 billion fund will continue to employ Australian Administration Services (AAS) as its administrator since its systems were “more intelligent” than those of its competitors, Andrew Proebstl, chief executive officer of Legalsuper, said. “We’ve decided to give AAS preferred provider status.” Proebstl said the provider’s system was easier to navigate and helped to identify missing information about members. But the fund would probably not migrate from UltimAAS to AASpire, the new platform built by AAS, until late 2008 or 2009, he said. Proebstl and chief operating officer Maxine Jacona undertook the review, which involved visiting the offices of administration providers and assessing submissions from them.
Investment Strategy
Climate the ‘single biggest development’: UniSuper’s Pearce
It’s the opportunities created by the climate change trend that John Pearce is perhaps more keenly focused on than the exclusions, particularly as capital starts to ebb and flow on the back of broader market movements, Matthew Smith writes.
Investment Strategy
Getting to grips with greenwashing
The United States Securities and Exchange Commission has taken up the baton on exposing and punishing greenwashing by Asset Managers. Alex Wise explores how the U.S. regulator is tackling greenwashing and how this might impact superannuation funds in Australia.
Investment Strategy
Inside Aware’s next five-year investment strategy plan
Aware engaged consulting firm McKinsey to conduct a process which included discussions and comparisons with pension and sovereign funds around the world as part of constructing its five-year strategy which it delivered to its board in March.
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