AustralianSuper has grown its corporate business by 26 per cent over the 12 months to 30 June 2009.
Over this period, the industry fund has secured corporate superannuation mandates in financial services, the motor industry and the horse-breeding sector. In June, the fund won a $55 million corporate superannuation mandate from the City of Perth.
AustralianSuper Corporate now has 50 sub-plans and 24,000 members.
The growth of the business follows the fund's decision to choose Mercer as its administrator and to strengthen its service to employers, according to AustralianSuper general manager of business development Paul Schroder.
In 2008 the fund overhauled its administration system, transitioning its existing corporate clients to the Mercer platform.
Less complex plans were moved to the fund's industry product administered by Superpartners.
"We are delighted that all funds stayed with AustralianSuper during the transition and that we have now been able to achieve significant growth," Schroder said.
The fund has plans to target corporate plans that have over $1 billion in funds under management.
"In difficult markets, with compliance requirements increasing, we anticipate that some [company] boards will be interested in reviewing their superannuation arrangements," Schroder said.
"We now have something to offer the iconic corporate plans in our sector."
