This article needs additional citations for verification .(October 2020) |
Company type | Industry superannuation fund |
---|---|
Founded | 1988 |
Products | Superannuation |
AUM | $80 billion [1] [2] |
Website | rest |
Rest Super (formally Retail Employees Superannuation Trust) [3] is an Australian industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, with around 1.9 million members as at June 2022. Rest currently manages more than $80 billion in funds. [2] [4] [5]
Rest Super is run by a trustee company, Retail Employees Superannuation Pty Ltd, with a board of eight directors. Four directors are nominated on behalf of employees by the Shop, Distributive and Allied Employees Association and four nominated on behalf of employers and employer associations.
The fund administrator of Rest is currently AustraliaBloombergn Administration Services (AAS), a superannuation administration company based in Rhodes. AAS is part of the Link Group of companies. REST has worked with AAS since 1992, providing full administrative and call-centre services.
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income.
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Construction and Building Unions Superannuation (Cbus) is an Australian industry super fund.
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MySuper is part of the Stronger Super reforms announced in September 2011 by the Gillard Labor government for the Australian superannuation industry to replace the previous default funds system with a new default system using low cost and simple superannuation products. MySuper compliant products may be provided by industry super funds, as well as retail super funds. Funds that do not operate as default funds, such as self managed superannuation funds (SMSFs) or choice products, are not subject to MySuper standards.
HESTA is an Australian industry superannuation fund for workers in health and community service sectors. HESTA services more than 90,000 employers and has more than 950,000 members, 80% of whom are women. It has close to $68 billion in funds under management. HESTA was formed in 1987. HESTA holds an Australian financial services licence.
CARE Super is an Australian industry super fund.
QSuper was an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament. The State Public Sector Superannuation Scheme was also known as the QSuper Fund. The board of trustees of the State Public Sector Superannuation Scheme was responsible for the management of the QSuper Fund. On 26 Oct 2015 Michael Pennisi, the chief strategy officer replaced Rosemary Vilgan as CEO, who had served in that position for 18 years.
In Australia, the term 'Retail superannuation fund' refers to a superannuation provider that is not an Industry superannuation fund, and so weren't established by a trade union as a method of managing worker retirement savings.
TWUSUPER is an Australian industry superannuation fund.