Tabcorp bets on AMP master trust

Tabcorp Holdings has signed three superannuation funds to AMP's corporate super master trust, SignatureSuper.

The funds - Tabcorp Superannuation Fund, Jupiters Limited Superannuation Fund and the Tab Limited Staff Superannuation Fund - have 4500 members (combined) and approximately $200 million in assets.

"We decided that with the ongoing complexity of superannuation, the forthcoming requirement for trustee boards to be licensed and the choice of fund regime just around the corner, it made sense to outsource our super arrangements," Tabcorp's executive general manager of human resources Robert Preston said in a prepared statement on Friday.

The funds will be combined to create the Tabcorp Superannuation Plan, including both defined benefit and accumulation fund divisions.

Tabcorp was advised by super consultant The Heron Partnership.

Two months ago SignatureSuper secured an outsourcing deal with the $120 million Anglican Super Fund of Sydney.