State Street has become the custodian and administrator of the $30 billion Brighter Super.
Under the contract, State Street will provide Brighter Super fund accounting and unit pricing, custody, administrative services, alternative investment services, taxation services, financial and regulatory reporting, performance and analytics, investment mandate monitoring and securities lending.
Brighter Super is Queensland-based industry superannuation fund that re-branded in July 2022 from merged superannuation funds, LGIAsuper, Energy Super and Suncorp Super with over 230,000 members.