Under the agreement, the FCA has chosen Rest as the preferred provider of superannuation products and services for its franchise members across Australia.
Rest Chief Executive Officer Damian Hill said, “We see the alliance as a natural fit given Rest manages the superannuation needs for more than 160,000 employers, many operating within the retail sector, so we understand what these businesses require when it comes to super.
“In particular, we recognise the importance of reducing the administrative burden of superannuation compliance. So, we provide access to a third party clearing house that enables Rest employers to pay their superannuation contributions for all employees electronically with one file and one payment.
“This alliance also means we can now directly offer FCA’s members access to our award winning Rest Super product, which includes flexible cover, specifically designed for young, low income earners in part-time or casual employment,” he said.
FCA General Manager Kym De Britt said, “The Australian franchise sector employs more than 460,000 people across 1160 franchise systems and an estimated 79,000 franchise units. The Franchise Council of Australia is pleased to work with Rest Industry Super and to provide the growing franchise community with information about the full range of Rest superannuation products.”
In 2013 Rest also launched the innovative Rest Corporate, a completely new business product with a MySuper offering and salary based cover specifically for the corporate sector. More than 300 employers are now offering this product to their employees.
Rest is one of Australia’s largest super funds by membership with around two million members and over $36 billion in funds under management as at 31 March 2015.
-ENDS-
For further information, please contact: Pauline Hayes pauline.hayes@rest.com.au; Tel: (02) 9086 6348 m: 0458 815 252
Notes to editor
Rest was recently awarded Business Superannuation Manager of the Year 2014 at the Roy Morgan Customer Satisfaction Awards in February based on feedback received from business decision makers.
Rest was also awarded Best Super Fund Manager and Best Pension Fund Manager 2015 at the Best of the Best awards for 2015 by Money magazine, becoming the first super fund to receive a Best of the Best award in both categories two years in a row. In addition, SuperRatings awarded Rest the Pension of the Year 2015, also for the second year in a row. In an industry first, Rest was also awarded The Super Fund of the Year and also Best Industry Fund for 2014 at SuperReview’s inaugural Super Fund of the Year awards. Rest also received Super Fund of the Year for 2014 at the Chant West/Conexus Financial Super Funds Awards.*
*Ratings or awards are only one factor that you should consider when deciding how to invest your super. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au. For more information about our awards, visit www.rest.com.au/why-rest/awards.This information doesn’t take into account your circumstances. So, before acting on it, you should consider whether it is appropriate for you. Before making a decision about your super, please read the relevant product Disclosure Statement at www.rest.com.au or call 1300 300 778. This information is provided by Retail Employees Superannuation Pty Ltd ABN 39 001 987 739 as trustee of Rest (Retail Employees Superannuation Trust ABN 62 653 671 394).