REI Super goes public offer

Real estate industry superannuation fund, REI Super has moved to go public offer. 

The fund announced today that it would become public offer from 1 July, opening it up to people not directly employed in the real estate industry. 

Confirming the move today, REI Super chief executive, Mal Smith said the change would open up membership of the fund to anyone, but particularly to existing members' spouses and family members, self-employed people in the industry, and those working closely with the industry, like valuers, conveyancers, marketers, and tradespeople.  

"REI Super grew out of the real estate industry, and we are the only industry fund specifically for the sector," he said. 

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"We've grown with the industry and we are in step with its needs. We know it's a different industry to what it was when we started." 
Smith said growth in self-employment within the industry and in sectors associated with real estate meant that not everyone was attached to a participating employer any more.  

"We also want to ensure that existing members who wish their spouse or other family members to join their fund can do so," he said.