SS&C wins REI Super admin mandate | Australian Markets
SS&C Technologies has received one other important superannuation mandate – this time being appointed as administrator for real estate sector fund, REI Super.
SS&C confirmed the mandate yesterday, noting that it had adopted a aggressive tender course of.
The fund’s earlier administrator was Mercer.
Under the mandate, SS&C Global Investors and Distribution Solutions will present REI with superannuation administration companies and streamlined operations help to its 24,000 members throughout Australia.
REI Super chief government, Jarrod Coysh attributed the choice of SS&C to its track-record in fund administration and its modern technology.
SS&C Head of GIDS in Australia, Shaun McKenna mentioned that because the superannuation industry continues to grow and the regulatory setting evolves, it’s crucial for funds to pick the best exterior accomplice to fulfill their operational wants.
SS&C penetration in phrases of servicing the Australian superannuation market is evidenced by its declared ambition to service over 1.6 million superannuation members and wealth accounts throughout Australia by the tip of 2025, accounting for $180 billion in funds beneath administration.
The company mentioned the Australian market represents a key growth market for SS&C, which can be on monitor so as to add more native capability, staff, and workplace space within the second half of the 12 months to fulfill elevated regional demand.
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