REST delivers another strong financial year
Most SDA members have their occupational superannuation payments paid into REST – the Retail Employees Superannuation Trust. This is good news for SDA members because REST is one of the best performing superannuation funds in Australia over the last 30 years.
REST Industry Super has delivered another year of strong investment performance to its members. The Core Strategy returned a one year return of 11.07% as at 30 June 2017 and retained its position as the top performing fund of its type over 10 years, according to SuperRatings. The main drivers of return for the year were international equities (shares) and Australian equities (shares).
The Core Strategy returned 6.11% over 10 years compared to the median fund 10 year return of only 4.78%. This is the eighth straight year of positive returns. A list of the top performing funds over 10 years is provided acrross.
Since June 2009, following the Global Financial Crisis, the Core Strategy has grown member’s savings by 104%, at an annualised rate of 9.3% p.a.
REST’s funds under management have grown to over $45 billion and it has around 2 million members.