Aust Ethical selects Russell
Russell Investments has received a mandate from Australian Ethical to deliver administration services to the fund's 14,000 members.
The two companies said the partnership would come into effect in March next year.
Russell said the mandate would increase the company's members under administration to 355,000.
According to Australian Ethical Super, a key determinant in handing the mandate to Russell was the company's focus on member services and the use of modern and scalable technology.
"The fact we will be able to provide members with best practice innovative services through a more competitive cost structure is very compelling," Australian Ethical chief executive Phillip Vernon said.
Russell said the mandate followed on from the company's successful implementation of Prime Super's administration services, involving 135,000 fund members and 40,000 employers.
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