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Self-motivated on choice
Mike Taylor
The 33,000 member, $430 million Health Industry Plan (HIP) has decided to retain Superpartners as its superannuation administrator following a recent review of its ongoing requirements.
It is understood HIP’s new five-year contract with Superpartners involves a number of enhancements, with the fund’s chief executive, , describing them as being both “innovative and expansive”.
Bernays said that while HIP opted not to go to a full tender for its administration requirements, it had conducted a thorough review that had reassured it as to Superpartner’s ability to deliver the appropriate support.
In a statement announcing the decision, Bernays said HIP had sought to differentiate itself across a full range of deliverables, with the most obvious being investment performance, but also including administration, communication and education.
“We have worked very hard at developing our relationship with Superpartners into a strategic partnership,” he said. “We have been able to communicate our philosophy and focus, and Superpartners has been active in supporting our drive for superior administration.”
20 April 2006
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