Link Group has been reappointed to provide retirement and superannuation solutions to the $53 billion fund following a “highly competitive” tender process.
The reappointment is for an initial three-year term, with an option for HESTA to extend the term for a further two years. It commenced on 1 July 2020.
“We are very pleased to continue our strong working partnership with Link Group as our fund administrator, and collaborating to produce great outcomes for our members including improved service and technology offerings,” said HESTA chief executive officer Debby Blakey. “We look forward to working together to continue to deliver for our members and employers positive, technology-driven experiences and outcomes.”
HESTA manages $53 billion in assets globally on behalf of more than 850,000 members. Link Group retirement and superannuation solutions CEO Dee McGrath said the reappointment “is a testament to the efforts and commitment of (the) retirement and superannuation solutions team”.
“We are delighted to have been reappointed by HESTA as its fund administrator, and to continue our partnership delivering superior outcomes for its members and employers,” Ms McGrath said. “HESTA and its members in the health and community services sector play such an important role in our community, especially during the COVID-19 pandemic, and we are thrilled to be tasked with continuing to provide support to its 850,000 members.”