REST Superannuation

Many Australians use elements of the REST management system for their own DIY super scheme.

REST (Retail Employees Superannuation Trust) is Australia’s largest superannuation fund.

It was runner up for Fund of the Year 2005-06 in an analysis published by SuperFunds.   Their full list of results is at

http://www.superratings.com.au/fund-ratings.php

REST was established in 1988 as one of the first “industry Funds” to provide superannuation benefits for workers in the retail and fast food industries.

It is administered by a board of eight trustees. Four of the trustees are nominated by the Shop, Distributive and Allied Employees Association and four are nominated respectively by Coles Myer, Woolworths, Franklins and the Australian Retailers' Association.

The trustee board is responsible for all decisions made by REST, including investment decisions, administration, insurance options and the payment of all benefits.

With 1.6 million members and over $10 billion in assets under management the Fund is, by membership, the biggest superannuation fund in Australia.

REST is a not-for-profit organisation and also offers cheap, effective insurance to its members in the event of death or total or permanent disablement (TPD) and income protection in the case of temporary disablement

Visit the website: www.rest.com.au

They, and most major funds, are able to assist you with your DIY super fund.

See Also: Lost Superannuation Unclaimed Superannuation Superannuation Australia Superannuation Calculator AMP Superannuation Mercer Superannuation Colonial Superannuation ARF Superannuation Superannuation Choice Superannuation ATO Find Superannuation