BUSS(Q), the $1.4 billion Queensland-based industry fund, has determined which administrator will manage member accounts for the next five years.
The fund recently renewed its contract with Australian Administration Services (AAS) after assessing its competitors in a review that was conducted throughout 2008.
The due diligence on administrators was performed by David O’Sullivan, chief executive officer of the fund, and operations manager Linda Vickers.
O’Sullivan said that AAS was the most viable candidate.
“We didn’t believe there was any better alternative,” he said.