Dee McGrath
Link Group, the leading provider of record keeping technology and information solutions, has secured a five-year extension to its existing contract with building, construction and civil industries superannuation provider BUSSQ.
The competitive tender saw the incumbent retain the contract by demonstrating a continued commitment to market leading technology that improves BUSSQ members’ experiences through ease of operability and multi-channel communications while still protecting the integrity of member data.
BUSSQ was established in 1985 to secure the financial future of workers in the building, construction and civil industries. Today, the fund manages $5.6 billion in assets on behalf of more than 60,000 members.
BUSSQ Chief Executive Officer Damian Wills said the decision to reappoint Link Group would deliver excellent outcomes for fund members.
“We ran an extremely competitive and comprehensive tender which reconfirmed that Link Group was the best partner for our organisation and our members. The quality of Link Group’s technology and enthusiasm of the Link Group team to continually evolve and improve the interface for our members has made us extremely confident in our extension,” he said.
“As Australians become increasingly invested in their super, we are excited for what the next five years of our partnership brings to our members.”
Link Group Retirement & Superannuation Solutions CEO Dee McGrath said the renewal was a significant milestone in the longstanding relationship between the two companies.
“We are delighted to have been reappointed by BUSSQ as its fund administrator. BUSSQ’s commitment to ‘making the difficult easy’ is a direct alignment to our values and services,” she said.
“BUSSQ has a fantastic performance record, and the ability to showcase fund performance alongside projected savings amounts will be a continued comfort to all of its members. We look forward to working with BUSSQ to continually innovate on the member experience.”
“The length of reappointment is also testament to the continued commitment of our retirement and superannuation solutions team, who continually strive to improve our technological and service offering to the benefit of all of our clients.”
BUSSQ Balanced Growth Super option and Balanced Growth Income account option for the financial year to 24 March 2021 have returned 10.1% and 9.45% respectively. BUSSQ has maintained an average return of 9.59% over the last 35 years.