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 $42 billion in assets as at 31 December 2016.
REST Pension is an award-winning, tax-effective product which provides members with regular income payments. It offers a transition to retirement option, as well as an account-based pension for those who have fully retired.
REST members benefit from low fees, competitive long-term performance and great customer service.
Product Inception Date
Competitive investment performance - Balanced option (REST Pension default investment option) has returned 6.38% for the 10 years to 31 March 2017
Run only to benefit members, REST pays no financial advice commissions or profit to shareholders
Choice of 13 investment options
Transition to retirement option
A range of beneficiary nomination options including reversionary and non-lapsing
Flexible pension payment frequency
Access to non-commission based financial advice
Comprehensive and personalised communication, education, seminars and regular reporting including online newsletters, interactive digital statements
Access to discounted health insurance, travel insurance and low cost banking
Investment Option Descriptions
Investment Return Objective
22% defensive, 78% growth mix of shares, bonds (both Australian and overseas), property, infrastructure, alternative assets and cash. Aims to achieve a balance of risk and return by investing in both growth assets and defensive assets. 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. Cash plus a small allocation to Defensive Alternatives. Aims to maintain the purchasing power of the funds invested by earning above cash returns while minimising the risk of any capital loss.
Outperform Bloomberg AusBond Bank Bill Index over the short-term (rolling 2 year periods).
62% defensive, 38% growth. Mainly invests in bonds (Australian and overseas) and cash, with smaller proportions of shares (Australian and overseas), property, infrastructure and alternative assets. Aims for a stable pattern of returns whilst maintaining low probability of a negative return in any one year.
CPI + 1% pa over the medium-term (rolling 4 year periods).
43% defensive, 57% growth. Invests in a mix of shares and bonds (Australian and overseas), property, infrastructure, alternative assets and cash. Aims to achieve a 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 portfolio. 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 periods. The benchmark is calculated using the Bloomberg AusBond Composite 0+Yr Index, Bloomberg AusBond Inflation 0+Yr Index Citigroup World Government Bond Index (hedged) and Barclays Global Inflation linked Index (hedged).
Outperform both the Mercer /IPD Australian Pooled 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 periods. The benchmark is calculated using the S&P/ASX 300 Accumulation Index and the MSCI All Country World ex-Australia Index in $AUD.
Outperform the S&P/ASX 300 Accumulation Index (before tax and including an estimate of imputation credits) over rolling 3 year periods.
Outperform the MSCI All Country World ex-Australia Index in $AUD (before tax and after fees) over rolling 3 year periods.
Investment Option Performance
Growth Asset Weighting
Asset weightings and Performance as at 31 March 2017
* The allocation to growth and defensive assets for all options may vary from time to time within the ranges shown in the REST Pension 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 fees and untaxed. Returns for the three, five and ten year investment periods are annualised returns. Past performance is not an indicator of future performance.
Extra Benefits Available
Transition to Retirement Facility, access to financial advice, online account access, online investment switching, low cost banking, discounted private health insurance, discounted travel insurance and more
Product information, investment performance, latest news and range of brochures, forms and guides available on REST website. Regular e-newsletters for subscribed members. Knowledge Hub for super videos and tips. Live Chat, Virtual Agent and call centre for member enquiries. Online calculators and digital advice tools, interactive digital statements, comprehensive education and retirement seminars
Fees & Charges
Management Cost - ongoing fee
A yearly asset-based fee is based on your account balance:
First $300,000 - 0.18% (yearly asset-based fee)
Next $500,000 - 0.12% (yearly asset-based fee)
Portion over $800,000 - 0.00% (yearly asset-based fee)
Yearly asset-based fee is capped at $1,140.
Management Cost - investment fee
From 0.05% pa to 0.66%pa (depending on the member's investment option for the year to 30 June 2016). These fees include estimated performance fees of up to 0.26%pa (as at 30 June 2016).
Management Cost - member fee
Management Cost - other
Nil, however a fee (negotiated between the member and the adviser) may be charged if a person obtains personal financial product advice.
Additional Adviser Servicing fee
Buy spread range up to 0.47% (as at 31 March 2017) depending on investment option,
Sell spread is 0.00%
Family law split fee $50 per split
See above Management Cost - ongoing fee
Competitive long-term performance refers to past performance which is not a reliable indicator of future performance.
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