Australian Ethical Investment has chosen Russell Investments to provide administration for its fund.
Russell Investments, whose assets under management are currently A$155 billion globally and A$20 billion in Australia, will provide services such as processing contributions, making benefit payments and generally managing the administration of the fund for members.
The fund reviews the administration arrangements every five years, and said that it had decided to appoint Russell Investments due to the firm already providing superannuation administration services for over 200,000 members and for superannuation funds similar to its fund.
“Importantly, Russell runs its own superannuation fund, so it knows the importance of quality service and the need to look after members,” said the company.
