Virgin Money Australia has appointed Pillar Administration as administrator for its newly expanded superannuation service.
Yesterday, the firm announced that it would further build its investment and superannuation business, with plans to create more than 150 jobs over seven years.
The jobs will be based in Sydney, with the superannuation-based roles and related services to be based in Wollongong.
"As part of the superannuation expansion, Virgin Money Australia has engaged the services of Pillar Administration, based in Wollongong," a statement from the NSW Premier Kristina Keneally's office said.
The Wollongong-based roles will be created at Pillar to service this demand, the statement said.
"Pillar Administration is a strong financial services business that will help lay the foundation for a knowledge services centre of excellence in Illawarra," Minister for Illawarra Paul McLeay said.
Pillar administers superannuation funds for around 1.9 million members and fund assets of about $60 billion.
