REST Pension

Overview

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 $45 billion in assets as at 30 June 2017.

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

2002

Product Size

$3.15 billion

SPIN

USI: RES0102AU

Key Features

  • Competitive investment performance - Balanced option (REST Pension default investment option) has returned 6.2% for the 10 years to 30 June 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 Options Description 
Core Strategy 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.
Structured options 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.
Member-tailored options 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.

Investment Option Performance

Investment Option* Growth Asset Weighting 1 year 3 yrs
(pa)
5 yrs
(pa)
10 yrs
(pa)
Core Strategy 78% 12.40% 7.86% 11.63% 6.71%
Cash Plus 0% 2.67% 2.64% 3.14% 3.91%
Capital Stable 38% 7.96% 5.90% 7.57% 6.01%
Balanced 57% 10.50% 7.34% 9.74% 6.26%
Diversified 78% 13.28% 9.04% 12.45% 6.62%
High Growth 93% 15.35% 10.11% 14.09% 6.72%
Basic Cash 0% 1.75% 2.09% 2.41% n/a
Cash 0% 2.30% 2.53% 2.89% 3.84%
Bond 0% 4.33% 4.28% 5.41% 6.98%
Shares 100% 17.54% 10.48% 16.38% 6.12%
Property 100% 12.92% 11.24% 10.06% 6.46%
Australian Shares 100% 15.36% 8.40% 14.01% 6.13%
Overseas Shares 100% 18.54% 11.68% 18.04% 5.50%

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

Member Communications

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

Fees
Establishment fee Nil
Contribution fee Nil
Withdrawal fee Nil
Termination fee Nil
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 0.67%pa (depending on the member's investment option for the year to 30 June 2017). These fees include estimated performance fees of up to 0.16%pa (as at 30 June 2017).
Management Cost - member fee $65 pa
Management Cost - other Nil
Switching fee 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 Nil
Other 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
Fee Discounts See above Management Cost - ongoing fee

Competitive long-term performance refers to past performance which is not a reliable indicator of future performance.

Service Providers

Service Providers
Administrator Australian Administration Services
Asset Consultant JANA Investment Advisers
Auditor PricewaterhouseCoopers
Custodian State Street Australia
Lawyer Allens, Clayton Utz, Corrs Chambers Westgarth, Hall & Wilcox, Herbert Smith Freehills, King & Wood Mallesons, Lander and Rogers, Madgwicks, Minter Ellison, Norton Rose Fulbright Australia, Turks Legal, Gilbert and Tobin and Venebles Lawyers
PRODUCT SIZE
$3.15 billion
Product Membership
10,453
Principal Contact
REST Customer Service Centre
Member Telephone
1300 305 778
Address
Locked Bag 5042 Parramatta NSW 2124
Member Email
Online contact form via our website
Website
www.rest.com.au
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