Industry fund Sunsuper has boosted its corporate business with the fund now managing the Newcrest Mining staff superannuation scheme.
The scheme includes 2000 employees and $75 million in funds under management (FUM).
The deal has boosted Sunsuper's corporate business to more than $2 billion in FUM.
Sunsuper also recently won business from Unilever. In March, Unilever outsourced the management of its superannuation fund to the industry fund.
"These two significant corporate wins have grown our corporate business," Sunsuper chief executive Tony Lally said.
Lally said the fund would look at more opportunities for growth and in particular would focus on companies looking to outsource their superannuation funds.
"We welcome any funds who are looking to merge with us," he said.
Sunsuper will also continue to boost its business nationally.
"We already have $2 billion in funds under management sourced from Sydney," Lally said.
"With the Cooper review's focus on cost, scale will emerge as important in reducing cost. Greater scale will also allow us to deliver more services at reduced costs for our members."
The inclusion of superannuation funds as default funds in the current award system was an important issue for Sunsuper, he said.
Sunsuper is represented in 60 national awards.
The Cooper review, however, has recommended that the Productivity Commission review the awards in 2012.
"This is an important issue for us. We believe that any review will need to consider the track record of a superannuation fund and how cost effective it is," Lally said.
