NAB overtakes AMP in super

Survey shows NAB leapfrogs AMP as Australia's largest manager of corporate super.

National Australia Bank (NAB) has eclipsed AMP (AMP) as Australia's largest manager of corporate superannuation, The Australian Financial Review reports.

According to the newspaper, research by DEXX&R shows NAB's fund under management in its corporate super division lifted 25.3% to $24.1 billion in the year to June, buoyed by a contract to manage the retirement savings of BHP Billiton (BHP) staff.

That saw NAB leapfrog AMP, with $23.9 billion in manged funds.

The AFR reports NAB's dual platforms in the corporate super division was also a point of strength. Plum speicalises in large companies and has more than $20 billion in funds under management, while MasterKey Business Super centres on small and medium sized businesses.