Wrkr Extends Deal with MUFG to Serve Australia’s Largest Super Fund

A Strategic Partnership Strengthened

Wrkr Ltd (ASX, WRK), a leader in digital workforce compliance, has announced an extension of its strategic partnership with MUFG Retirement Solutions to deliver a comprehensive digital platform for AustralianSuper. This collaboration aims to enhance the super fund’s Clearing House, Gateway, and Digital Employer Services, positioning AustralianSuper at the forefront of technological innovation in superannuation administration.

AustralianSuper, Australia’s largest profit-to-member superannuation fund with over 3.5 million members and $365 billion in funds under management, stands to benefit from a platform designed to improve operational efficiency and compliance amid evolving regulatory demands.

Aligning with Regulatory Change

The new platform is tailored to support the upcoming Payday Super reforms scheduled for July 2026, which will require enhanced real-time contribution reporting and employer compliance. By integrating Payday Super and Single Touch Payroll functionalities, the solution promises to reduce administrative complexity for employers while improving the experience for fund members.

Frank Lombardo, CEO of MUFG Retirement Solutions ANZ, highlighted the partnership’s role in helping clients navigate regulatory changes and future-proof their superannuation services. Wrkr’s CEO, Trent Lund, echoed this sentiment, emphasizing the platform’s ability to streamline workflows and make compliance effortless from hire to retire.

Technology and Commercial Outlook

The platform leverages Wrkr’s modern, scalable technology to integrate employer portals with clearing house and gateway services, including out-of-the-box integration with MUFG’s core registry system for data synchronization. This seamless connectivity is expected to set a new benchmark in digital employer services.

Financially, the partnership is structured under a three-year initial term with automatic renewal options, aligning with MUFG’s Master Services Agreement. Wrkr anticipates that the platform will meet its Average Revenue per User (ARPU) targets once full onboarding of users is achieved, although specific user volume and timing remain to be confirmed through a transition plan with AustralianSuper.

Implications for the Superannuation Sector

This partnership extension signals a growing trend toward digital transformation in superannuation administration, driven by regulatory pressures and the need for operational efficiency. Wrkr and MUFG’s collaboration with AustralianSuper could serve as a model for other funds seeking to modernize their employer services and compliance frameworks.

As the Payday Super reforms approach, the success of this platform will be closely watched by industry participants, regulators, and investors alike, given its potential to influence standards across the sector.