The superannuation scheme of Australia Post, Melbourne, will become the first client for Towers Perrin's new Australian benefit administrative services operation in Sydney.
The Australia Post is already a client of Towers Perrin for consulting services.
The Australia Post's scheme collects contributions of A$121 million (U.S. $90.75 million) annually and has assets of more than A$2 billion (U.S. $1.5 billion.)