Cbus Super extends Link administration mandate
The super fund for building, construction and allied industries, Cbus Super, has announced it will extend its partnership with Link Group to provide administration for the $54 billion fund and 774,000 members.
Under the extended partnership, services would include core administration requirements, as well as an increased level of system integration, innovation, data supply and security services, the firm said.
Also, both groups stressed that strengthened service levels offered by Cbus and supported by Link Group were key determinants to the successful negotiation, with the key elements of the agreement to include continued, structured and consistent engagement between the parties and a commitment to delivery on rich data provisioning improvements, which were critical to Cbus’ strategic and operational objectives.
Additionally, Link Group would also partner with Cbus on supporting systems, process and data integration and processes and systems would be created to support Cbus’ scale and growth and Link Group would look to continuously improve services, efficiencies and costs, while managing risk for Cbus members and employers.
Cbus Group executive member and employer experience, Marianne Walker said, “We are pleased to continue our partnership with Link Group, and have emphasised a strategic focus in the agreement, which is underpinned by enhancing benefits for members and employers as the key to success.
“The administration contract is one of the most important strategic partnerships that Cbus has. Link Group has significant experience with managing administration services for Cbus and other industry super funds and we are pleased to reappoint them.”
AUTHOR
Oksana Patron
Recommended for you
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
