REST Superannuation has changed its name to REST Industry Super, in a move the fund said is designed to reflect its standing as an industry super fund.
The fund also wanted to remind its members of its industry fund heritage and the benefits that brings. In the wake of recent research not all REST members were completely aware of their fund’s heritage.
REST Industry Super chief executive Damian Hill said he hoped the change would increase awareness of the fund’s status as Australia’s largest industry super fund by membership, and the benefits this brings.
“REST, which operates as a benefit-to-members fund, offers all Australians a range of benefits, including low fees, investment choices and sound financial returns that ensure their best interests and long-term financial security are cared for,” he said.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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