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.
Australian asset owners are being forced to reconsider their massive exposures to US markets as political and economic upheaval roils the land of the free. But when it comes to investments, is there any meaningful alternative?
Lachlan MaddockJune 10, 2025
