ALH signs with AMP SignatureSuper

Australian Leisure & Hospitality Group (ALH) has chosen AMP's SignatureSuper as the successor to the Foster's Group Superannuation Fund for its 700 employees, becoming the first client into the newly launched fund.

ALH was forced to find a new superannuation provider following the sale of the business by Foster's, with The Heron Partnership advising on the outsourcing process.

On the appointment, ALH national human resources manager Ashley Haren says: "AMP is able to give us the wide geographic coverage we require due to the nature of our business. Providing our employees with significantly enhanced access to education and financial planning services was also seen as a positive."

AMP, ALH and Foster's Superannuation will together transition the funds under management, with AMP expected to be managing both the accumulation and defined benefit superannuation arrangements for ALH from 1 February 2004.

Under the deal, AMP will be providing extensive member education and financial planning services and online member and employer administration.

AMP director of corporate superannuation Greg Healy says, "Our electronic administration solution will simplify the ALH administration system, allowing member data to be submitted online direct from their payroll system. This straight through processing will then enable members real-time access to their data from wherever they are through the internet."