POWERED BY MOMENTUM MEDIA
AMIST Super rebrands to reach broader membership
AMIST Super, the superannuation fund for employees of the meat industry, has rebranded to reach a broader membership base.
From 9 October, the fund will be known as Australian Food Super and be open to any member regardless of their employment.
Chief executive, Murray Rutherford, said: “We’ve become the leading super fund in the meat industry because we have worked hard to understand our members and we’ve learnt a lot about the challenges they face.
“Our work isn’t done, we believe there are more people in Australia that we can help. People in similar walks of life, with similar challenges. It’s time, therefore, to expand our focus to help people working in other food industries – in the same way we have done for the meat industry.
“As Australian Food Super, we will continue to support our members from the day they join, through to entire working life and into retirement with competitive products and solid investment returns.”
The fund has been around for 35 years and has around 60,000 members.
For the 2022–23 financial year, its MySuper Balanced option returned 11.3 per cent.
But its Shares Option (formerly High Growth) failed to meet the 2023 APRA annual performance test.
Earlier this year, AMG Super rebranded as Acclaim Wealth; its MySuper investment option had failed the performance test in 2023, 2022, and 2021. In 2023, it was the only one of 64 MySuper products to fail the test.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an active stewardship role.
The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members.
The corporate fund has announced it is seeking a suitable merger partner as the number of corporate super funds in Australia continues to dwindle.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment