Retail Employees Superannuation Trust
|File:Retail Employees Superannuation Trust Logo.jpeg|
|Industry Superannuation Fund non-profit|
|Headquarters||Level 7, 50 Carrington Street, Sydney NSW 2000,|
|Total assets||A$25 billion|
REST is an industry superannuation fund established in 1988. With over 2.2 million members, REST is one of Australia’s largest superannuation fund 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 $36 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 from the retail industry.
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.
The current CEO of REST is Damian Hill.
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.
- ‘Australia’s Best Super Fund Named’ SuperRatings