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Rest Super (formally Retail Employees Superannuation Trust) [3] is an Australian industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, with around 1.9 million members as at June 2022. Rest currently manages more than $80 billion in funds. [2] [4] [5]
Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement.
However, employees can nominate an alternative investment fund, called a stapled super fund. [11] The Fair Work Commission determines which superannuation funds are suitable to be industry super funds and adopted by employers as default funds. [12] ME Bank was established and owned by 26 industry super funds. [13] It was sold to Bank of ...
A solid withdrawal strategy, such as the safe withdrawal rate rule – it had been 4% before dropping recently to 3.7% – can help balance spending and preservation.
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Some of the 75,000 U.S. federal workers who the Office of Personnel Management says accepted a resignation buyout offer were ready to retire anyway. Many bristled at Donald Trump's description of ...
This Denver woman’s savings account was accessed, drained of a whopping $7,363 by a scammer — but the bank first ruled the transactions were legit.
Industry Super Australia (ISA) is peak body for industry super funds in Australia. It has 15 industry super funds as members, [1] which between them hold 5 million accounts. [2] Not every industry super fund is a member of the peak body, but most are, including Australia's largest industry funds such as AustralianSuper, CBUS, HESTA, and ...