Rest

Last week the Rest team took part in First Nations Foundation’s Financial Wellness Week in Townsville and Palm Island, Queensland. 🤝 We estimate tens of thousands of our members identify as Aboriginal or Torres Strait Islander. Many face unique challenges which can impact their experiences with super.  The Financial Wellness Week brought stakeholders together to create a one-stop shop for the community.  These events are an important way to reach out to First Nations members and provide invaluable assistance in person.  A big thank you to Rest team members Teesha Erickson and Anthony Ludlam for participating, and congratulations to our advisory partner First Nations Foundation for hosting the event. Read more about how Rest is supporting our First Nations members and our reconciliation efforts 👉 https://lnkd.in/gSunaVsD Read more about the event 👉 https://lnkd.in/gpEPgpUg #supersimple #superannuation #reconciliation  

Rest CEO Vicki Doyle shared her thoughts on the importance of insurance at Investment Magazine's Insurance in Super Summit last week. 👏   Vicki talked about the value of insurance to our members - many work in part-time, casual and lower-income jobs and wouldn’t be able to afford premiums if insurance wasn’t available through their super. We want to make the insurance we offer even better for members so we’re working closely with our partners at TAL Australia and MUFG Pension & Market Services to shorten decision times and fast-track member outcomes. And recently, we reduced insurance premiums for around 74% of Rest members. ❤️   Looking ahead, we want to make our claims process even better by using emerging technology to improve our digital capabilities and platforms. 📲   It was a great conversation with fellow panellists Christine Cupitt, Geoff Summerhayes and Deanne Stewart and chaired by Aleks Vickovich. #superannuation #insurance #supersimple 

Our impact allocation is growing! 🌍 We’re thrilled to announce our US$75 million commitment to TowerBrook Capital Partners L.P.' Delta private equity impact fund. Plus, we’re co-investing with TowerBrook in LiftWerx, a Canadian firm that specialises in servicing wind turbines. Rest Chief Investment Officer Andrew Lill said: “The TowerBrook Delta fund will look to invest in sectors of the economy at the forefront of the megatrend shifts now and into the future, such as education and human capital development, food and agriculture, healthcare and water, and the environment and clean energy. “Our co-investment in LiftWerx is also an example of a company we expect to benefit from decarbonisation, through its innovative, cost-effective solution to maintaining wind turbines with its ‘up-tower’ crane technology. “We believe these megatrends will present investment opportunities for our 2 million members, many of whom are decades from retirement.” Read more 👉 https://lnkd.in/gbWiTXSf #impactinvestment #investing #superannuation

It's fantastic to see that the Altis Industrial Fund 1 has joined the World Green Building Council's Net Zero Carbon Buildings Commitment! 👏 Rest is proudly invested in this fund through our industrial property venture with Barings. 

The Rest investment team was delighted to visit the Dulacca Wind Farm – a renewable energy project that is part of Rest’s investment in the Octopus Australia Sustainable Investments Fund (OASIS). 👷♂️🦺 Thank you to Octopus Investments Australia, RES and Vestas for hosting our visit. 

We’re pleased to share Rest’s flagship Core Strategy investment option has once again had a strong 12 months, recording a return of 8.67% for the 2023/24 financial year.👏 These returns continue Rest’s consistently strong long-term performance, with Core Strategy now delivering 8.29% each year since inception on 1 July 1988. Rest’s low-cost Overseas Shares – Indexed option also returned 18.07% for the 2023/24 financial year, while Balanced – Indexed returned 12.17%. Rest Chief Investment Officer Andrew Lill says: “Our exposure to high-quality companies with strong balance sheets, higher profitability and strong earnings, such as the large US tech stocks, has provided a great financial benefit for our members this year. “We believe we’re heading for a period with higher structural inflation and greater macroeconomic inflation. It’s critical we maintain a well-diversified, resilient portfolio and the expertise to identify opportunities in this environment add long-term value for our 2 million members.” Throughout the financial year, we invested in a number of assets that are expected to benefit from 5 megatrends we believe will have a big impact on the future global economy and society: digitalisation, decarbonisation, deglobalisation, demographics, and debt and central bank policy. Read our media release 👉 https://lnkd.in/g2jrcM7K Read our End of Financial Year Investment Update 👉 https://lnkd.in/gp9EMN3X Source: Rest, 30 June 2024. Returns are for Rest Super and Rest Corporate, and are net of total investment cost and tax. The earnings applied to members’ accounts may differ. Investment returns are at the investment option level and are reflected in the unit prices for those options. Returns for periods greater than one year are annualised. Past performance is not indicative of future performance. Product issued by Retail Employees Superannuation Pty Ltd. Consider if it’s appropriate for you and read the PDS and TMD at rest.com.au/pds before deciding to join or stay. #superannuation #performance #investments

It’s been an exciting and enriching few days for Rest's Executive Assistant community! Organised by Jeannie Smith, Rest Executive Assistant to CEO, the networking event brought peers and partners together to discuss career development and share insights. Rest CEO Vicki Doyle spoke about the important role of Executive Assistants in supporting strategic success. The Rest group also rolled up their sleeves earlier this week to volunteer at Our Big Kitchen to cook 100 meals and give back to the local community. 🤝 These initiatives are a great example of how Rest’s commitment to a strong and supportive culture helps set us up internally to best support our 2 million members. 🌟 Martin Dineen, Laurinda Moore, Amy Hallam, Paul Cini, Jelena Faine, Melanie Weihen, Christabel Linden, Stephanie Mclean, Germaine Hill, Emer Rohan, Kristine Kliendienst, Stephanie Mclean, Katie Randles, Sally Pearson #volunteering #networking #superannuation

Our CIO Andrew Lill sat down with The Australian to reflect on the past financial year and look forward to what’s on the horizon. Some insights included: 🔊 Rest’s Core Strategy (Super Default) is on track to show a return of around 8% for FY 2024. 📈 The year has been driven by the strength of the global equity markets, including the Australian market, since around November 2024. ⏩ Outlook for FY 2025 is more challenging with US markets, in particular, having already priced in significant profit increases. Read more 👉 https://lnkd.in/giDM5tuy

Congratulations to Rest Chair James Merlino on joining the Super Members Council (SMC) Board. 👏 James will help the SMC Board continue its work advocating for the interests of more than 11 million Australians with their super in profit-to-member superannuation funds.

🏳️🌈 In celebration of #PrideMonth, Rest welcomed Nevo Zisin (they/them), an educator on transgender topics, to lead our staff through a thought-provoking discussion about inclusivity. Nevo talked to us about the importance of taking action to be a true LGBTQIA+ ally and inclusivity advocate. Deborah Potts, Rest Chief Member Officer, shared some of the actions Rest is taking to better understand and support our diverse team and our members, many of whom belong to LGBTQIA+ communities. "It’s important we recognise and support all our 2 million members, including those who identify as LGBTQIA+,” Deborah said. “Recognising Pride Month is an important opportunity to show our commitment to diversity and inclusion both for our members and our staff." Thanks to Nevo for driving such an impactful discussion with the Rest team. #Inclusion #Diversity #Pride2024 #Superannuation #FairSuper