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MMC acquires super fund administratorBY KARREN VERGARA | MONDAY, 15 FEB 2021 12:31PM
A boutique superannuation administrator has been acquired by Kiwi firm MMC in a move to expand its presence in Australia.
Read more: MMC, IFAA Group, Adam Somerville, Andrew Griffioen, Cathy Connellan, Clinton Nicholas, Independent Professional Services, Karen Waldon-White, Neil Harvey, Tom Reiher
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Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus.
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A newly created team, led by a former BlackRock regional executive, is boosting the international manager's presence in Australia as it launches its first pan-Asia strategy.
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The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume.
The ratings house has appointed a new chief executive, after it announced Charlie Haynes's impending departure last month.
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