" LGIAsuper in 2019 signed a services partnership with Indian group Tech Mahindra as part of a plan to cut costs and boost funds under management.She said that deal helped LGIAsuper deliver a large reduction to member administration fees at the end of 2020." Extract from today The Australian.
This relates to one of my earlier post re the reduction in super funds to increase scale and reduce costs. I understand the platform of IP1 is much more than this but I hope they are keeping an eye on these developments as the data super funds have on members is large. It is one of the reasons Industry funds have financed The New Daily.
IP1 chart, page-749
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