REST Industry Super is an industry super fund, operating since 1988 and run only to benefit members. It is one of Australia's largest industry super funds, with around 2 million members and over $32 billion in funds under management as at 30 June 2014.
REST Super is an award-winning product with a MySuper offering. REST Super is open to all, with automatic life stage insurance cover (subject to eligibility). The REST Super investment option 'Core Strategy' is a MySuper investment option available to all members.
REST members benefit from low fees, competitive long-term performance, flexible insurance options and great customer service.
Product Inception Date
Unique Superannuation Identifier (USI): RES0103AU
Competitive long term performance, Core Strategy, our award-winning investment option, has returned 8.08% p.a. for the 10 years to 30 June 2014.
An award-winning product with a MySuper offering.
Run only to benefit members, with no financial advice commissions or profit to shareholders.
Choice of 13 investment options.
Low administration fees - only $1.10 per week plus 0.1% pa of your account balance at the end of the month.
Default insurance options including Death, Total and Permanent Disablement (TPD) and Long-term Income Protection.
Access to non-commission based financial advice.
Online access 24/7 for member account management and online employer payment system.
Binding beneficiary nominations.
Comprehensive and personalised communication, education, seminars and regular reporting including online newsletters and statements.
Access to discounted health insurance, travel insurance and low cost banking.
Investment Option Descriptions
Investment return objective
REST Super's MySuper option has a 25% defensive, 75% growth mix of shares, bonds, property, infrastructure, alternative assets and cash. The Trustee reviews and adjusts the asset allocation for this option on a regular basis.
CPI + 3% pa over the long-term (rolling 10 year periods).
Members can choose to invest from five structured options which are diversified across asset classes to match different investor needs. These options are multi-manager portfolios.
100% defensive. Invests in cash plus a small allocation to Defensive Alternatives. Aims to maintain the purchasing power of the funds invested by earning a slightly higher return on cash while minimising the risk of any capital loss.
Outperform Bloomberg AusBond Bank Bill Index over the short-term (rolling 2 year periods).
65% defensive, 35% growth. Mainly invests in bonds and cash, with smaller proportions of shares, property, infrastructure and alternative assets. Aims for a stable pattern of returns that at the same time maintains a low probability of a negative return in any one year.
CPI + 1% pa over the medium-term (rolling 4 year periods).
45% defensive, 55% growth. Invests in a mix of shares and bonds, property, infrastructure, alternative assets and cash. Aims to provide a good balance of risk and return by investing in approximately equal proportions of growth assets and defensive assets.
CPI + 2% pa over the medium-term (rolling 6 year periods).
22% defensive, 78% growth. Invests in Australian and overseas shares, property, infrastructure, alternative assets plus lesser amounts of bonds and cash. Aims for strong returns over the longer term by investing in a diversified mix of assets weighted towards shares and other growth assets.
CPI + 3% pa over the long-term (rolling 10 year periods).
7% defensive, 93% growth. Invests in Australian and overseas shares, property, infrastructure and alternative assets. Aims to maximise returns over the long-term by investing predominantly in growth assets.
CPI + 4% pa over the very long-term (rolling 12 year periods).
Members who want to personalise their portfolio can choose from seven member-tailored options including Basic Cash, Cash, Bond, Property, Shares, Australian shares and Overseas shares. These can also be mixed in any combination and proportion to create a fully customised investment option. For more information visit www.rest.com.au/investments.
100% defensive. The portfolio will invest in deposits with, or short-term discount securities (bank bills and negotiable certificates of deposit) issued by, banks rated at least AA- at the time of purchase. It may also invest in short-dated debt issued and guaranteed by the Australian Commonwealth or State Governments. All securities will have a maximum term to maturity of three months.
Match the return of the Reserve Bank cash rate target before tax and before fees over rolling 1 year periods.
100% defensive. A portfolio of securities with a low level of interest rate risk (12 months or less), including bank deposits, bank bills, commercial paper and floating rate notes, for example, residential mortgage backed securities.
Perform in line with Bloomberg AusBond Bank Bill Index (before tax and after fees) over rolling 1 year period.
100% defensive. A mixture of Australian and overseas debt securities issued by Governments, semi-government authorities and companies.
Outperform the benchmark return (before tax and after fees) over rolling 2 year period.
Outperform both the Mercer Unlisted Property Index (before tax and after fees) over rolling 3 year periods and the 10 year bond rate plus 3% pa over rolling 5 year period.
100% growth. A mixture of Australian and overseas shares.
Outperform the benchmark return (before tax and after fees) over rolling 3 year period.
Outperform the S&P/ASX 300 Accumulation Index (before tax and after fees) over rolling 3 year period.
Outperform the MSCI All Country World ex-Australia Index in $AUD (before tax and after fees) over rolling 3 year period.
Investment Option Performance
Investment Option Names
Growth Asset Weighting*
Asset weightings and performance as at 30 June 2014
* The allocation to growth and defensive assets for all options may vary from time to time within the ranges shown in the REST Super Product Disclosure Statement available at www.rest.com.au/pds. N/A applies to options running less than the indicated time periods. All returns are post investment management fees and tax. Returns for the three, five and ten year investment periods are annualised compound averages. Past performance is not an indicator of future performance.
Insurance Options Available
Death, Total and Permanent Disablement, Long-term Income Protection.
Extra Benefits Available
Access to financial advice, online account access, online investment switching, low cost banking, discounted private health insurance and discounted travel insurance.
Product Disclosure Statement and investment booklets; publications and investment performance are available on the website, annual and mid-year (selective criteria) member statements and quarterly newsletters. REST also offers Online statements, and comprehensive education seminars
Access to Employer portal to pay super contributions and manage super accounts online, access to clearing house, newsletters, workplace seminars and visits, Employer Service Centre (1300 305 775)
Fees & Charges
Nil for the first withdrawal (regardless if full or partial) then $25 per withdrawal thereafter
Management Cost - ongoing fee
0.1% pa of your account balance at the end of the month
Management Cost - investment fee
From 0.05% pa to 0.85% pa (depending on the member's investment option for the year to 30 June 2014). These fees include performance fees of up to 0.22%
Management Cost - member fee
Additional Adviser Servicing fee
Nil, however a fee (negotiated between the member and the adviser) may be charged if a person obtains personal financial product advice
Buy spread up to 0.39% (effective 1 October 2014) depending on investment option, sell spread is 0.00%
Contribution splitting fee $60
Family law split fee $50
Competitive long-term performance refers to past performance which is not a reliable indicator of future performance.
Australian Administration Services
JANA Investment Advisers
State Street Australia
Allens Arthur Robinson, Clayton Utz, Corrs Chambers Westgarth, DLA Piper Australia, Hall & Wilcox, Henry Davis York, Herbert Smith Freehills, Holding Redlich, King & Wood Mallesons, Lander & Rogers, Minter Ellison, Norton Rose Fulbright Australia, Thomson Geer, TurksLegal and Watson Mangioni
Principal Contact REST Customer Service Centre
Member Telephone 1300 300 778
Employer Telephone 1300 305 775
Address PO Box 350, Parramatta NSW 2124
Member Email Online contact form via our website
Employer Email Online contact form via our website