In the RaaS report, under key outlook assumptions, the following...

In the RaaS report, under key outlook assumptions, the following observation is made;

"We have no client migration for Australian Super despite a MUFG Retirement Solutions MoU out
‘until at least 2028’. Migration of an estimated ~1.7m active members would represent at least a
$12.0m-$13.5m revenue opportunity by our calculations incorporating Payday Super benefits."

It would seem Wrkr's management still don't have clear insight as to whether Aussie Super is going to come on board.
I would think Aussie's delay has more to do with deciding if they want to stay with MUFG's administration platform than Wrkr's products and services.

This has always been the primary risk for Wrkr entering into a partnership with LINK - now MUFG.
Although, I would have thought the recent announcement re Tata Consulting partnering with MUFG to upgrade and invest in their admin platform would have persuade existing super fund clients to stay.

The time required to onboard Aussie with any administrative provider would require a decision before mid-calendar year 2025. It is typical of large corporates to drag out the time line to assess all options, seek tailored products and services to meet their individual needs and wants, then demand preferential pricing and service treatment because of their size.

There are benefits and negatives if Aussie don't come with MUFG.
My preference is they do (as I considered Wrkr has the best product in the market which would benefit Aussie now and into the future).
Just putting my thoughts out there for follow investors to consider......

Ian