Iluka appoints ING to administer its Corporate Super Fund

Titanium minerals producer Iluka Resources has appointed ING Corporate Super to administer the company’s $80 million superannuation and life insurance plan.

ING won the tender after a rigorous selection process, managed by Des Butterly of Elders in Perth.

“Iluka’s needs were very complex and required a provider who could not only understand the diverse nature of Iluka’s business, but who could tailor a corporate super package to fully address Iluka’s specific requirements,” Mr Butterly said.

The Iluka business comes as ING steps up its efforts to build on its sizeable presence in the corporate super market with the appointment of Paul Dunn as Head of Corporate Super Sales. Mr Dunn’s appointment follows the recent appointment of Robert Bergin as National Sales Manager – Employer Super.

Executive Director Employer Super Ross Bowden said ING was delighted to have secured the rights to manage Iluka’s superannuation plan.

 “Our West Australian business development team, lead by Mike O’Donnell was an integral part of the successful bid. We see Perth and WA as a major priority for growing new employer super partnerships and our local presence and expert team demonstrates ING’s commitment to the West.

“We are very much committed to growing our share of the medium to large corporate superannuation market. Paul Dunn will spearhead ING’s efforts to develop market share and will build on the successes of 2005 when major new business was won.”