Rest Industry Super teams up with the Franchise Council of Australia

Tuesday, 23 June 2015

Multi-award winning superannuation fund Rest Industry Super today announced its alliance with the Franchise Council of Australia (FCA), the peak body for the franchise sector in Australia.

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.