Retail Employees Superannuation Trust
 | |
| Industry Superannuation Fund non-profit | |
| Industry | Industry Superannuation |
| Founded | 1988 |
| Headquarters | Level 7, 50 Carrington Street, Sydney NSW 2000, |
| Products | Superannuation |
| Total assets | A$37 billion |
| Website | www.rest.com.au |
REST Industry Super is an industry superannuation fund established in 1988. With around 1.9 million members, REST is one of Australia’s largest superannuation funds by membership. Originally set up to cater for workers within the retail industry, REST now accepts members from all occupations and industries. With over 180,000 businesses paying superannuation to REST, the fund currently has more than $37 billion in funds under management.
As an industry superannuation fund, REST is run to profit members and pays no commission to financial advisers or dividends to shareholders.
The fund is managed on a day-to-day basis by a Trustee company (Retail Employees Superannuation Pty Limited), run by a board of eight Directors. Four directors are nominated on behalf of employees by the Shop Distributive and Allied Employees Association (SDA) and four nominated on behalf of employers and employer associations.
SuperRatings awarded REST Pension of the Year 2015, the second year in a row REST has won this award. REST also received Money magazine’s 2015 and 2014 Best of the Best award for Best Super Fund Manager and Best Pension Fund Manager as well as receiving Super Fund of the Year for 2014 at the Chant West/Conexus Financial Super Funds Awards.*
REST has recently won a number of industry awards, including the Money magazine Best Superannuation Fund Manager Award for 2010 and the SuperRatings Fund of the Year for 2010.[1]
The current CEO of REST is Damian Hill.
Fund Administrator
REST currently is administered by Australian Administration Services (AAS), a superannuation administration company based in Rhodes, New South Wales. AAS is part of the Link Group of companies.
REST has worked with AAS since 1992, and in 2012 REST Industry Super signed a five-year contract with AAS to continue providing service to their members.
The contract is a continuation of the 20-year relationship between the two organisations and will see AAS continue to supply REST and its 1.9 million members with full administrative and call-centre services.
Notes
- ↑ ‘Australia’s Best Super Fund Named’ SuperRatings*
- Ratings or awards are only one factor that you should consider when deciding how to invest your super. For further information about REST awards, visit www.rest.com.au/ourawards. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au