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.
The super fund’s CEO has confirmed he will finish his role in 2026.
New data shows millions of Australians have little idea how their super funds have performed over the past year.
Small-business advocates have warned the government’s Payday Super timeline risks chaos without more time, cost support, and fair penalties.
Insignia Financial’s Master Trust portfolio has expanded despite net outflows, as positive markets and new product initiatives drive growth.