REST launches corporate super product
Industry super fund REST has moved into the corporate superannuation arena.
The fund announced this week that it had launched REST Corporate as a completely new product, with a MySuper offering and salary-based insurance specifically aimed at the corporate sector.
The fund said REST Corporate offered employers the same investment philosophy, investment option, benefits, facilities and fees as REST Super, but with the added benefit of corporate salary-based insurance cover.
Commenting on the move, REST chief executive Officer Damian Hill said REST Corporate represented a continuation of the fund's leadership in the market.
"We know that complying with MySuper will create a significant administrative burden for many employers, and is already causing significant compliance fatigue.
"In REST Corporate, we have created a low-cost solution that makes it simple for employers to meet their obligations and administer their employees' super contributions well ahead of the upcoming government deadline," he said.
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