13 August 2020
HESTA reappoints Link Group after competitive tender process
Link Group, a leading administrator of financial ownership data and industry super fund HESTA have announced that following a highly competitive tender process, Link Group has been reappointed to provide retirement and superannuation solutions to the fund. This is for an initial three-year term, with an option for HESTA to extend the term for a further two years, and commenced 1 July 2020.
HESTA was established in 1987 for people working in health and community services. Today, the fund manages $52 billion in assets globally on behalf of its more than 870,000 members.
HESTA Chief Executive Officer Debby Blakey said the decision to reappoint Link Group would deliver excellent outcomes for fund members.
“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,” she said.
“We look forward to working together to continue to deliver for our members and employers positive, technology-driven experiences and outcomes.”
Link Group Retirement & Superannuation Solutions CEO Dee McGrath said the Link Group team was excited to continue its work with HESTA.
“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,” she 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 870,000 members.”
“This reappointment is also testament to the efforts and commitment of our retirement and superannuation solutions team, who work tirelessly to support our fund clients and their members, and of our continued investment in our industry-leading technology.”