Jo has been a member of the FEAL Finance Committee since 2013 and will become Chair of the Finance Committee.

Jane Perry, Chair of FEAL, welcomed the new directors and thanked the outgoing directors.

“Jo and Damian were approached to join the Board on the basis of their extensive experience and track record in the super and investment space. This depth of experience will see them make a valuable contribution to FEAL and to our professional development and education initiatives,” said Jane.

“Through the COVID-19 pandemic, superannuation has remained central to the financial resilience of many Australians, and an important part of the national agenda. Similarly, in this period of unprecedented change, FEAL has remained important to the executives who serve superannuation fund members. The new directors join us to continue to provide professional development and ongoing education that is high quality and easy to access, wherever and however our members may be working,” she said.

Robyn Petrou and Debby Blakey have stepped down from the FEAL board effective 1 July. Robyn has also been Chair of the FEAL Finance Committee since 2015.

Jane thanked Robyn and Debby for their Board tenure and service to FEAL through a period of great change for funds.

“Robyn has been on the board since 2008 and Debby since 2014. During their tenure, Robyn and Debby have been active and passionate contributors to FEAL. They both have a deep understanding of the superannuation and retirement sector and we are very grateful to them for their significant contribution to the professional development of fund executives”.

“I am confident Jo and Damian will make a significant contribution as we continue our mission to be the chosen provider of professional development for today’s executives, and tomorrow’s leaders,” said Jane.

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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.

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