AustralianSuper has hired Mercer to administer its corporate superannuation division.
Mercer was chosen because it had the capacity to accommodate complex plans with a defined benefit component, AustralianSuper chief executive Ian Silk said.
The announcement follows the decision by the $30 billion industry fund to step up its market share in corporate superannuation.
The division already manages $1.6 billion in funds under administration.
AustralianSuper also plans to launch a new set of tailored products for its 46 corporate clients.
As well as administrating the service, Mercer will also give the fund access to its call centre.
AustralianSuper's other businesses will continue to be administered by its long-term provider Superpartners.
