REST Industry Super has partnered with the Franchise Council of Australia (FCA) as its preferred super provider and will help reduce the administrative burden of super compliance.
REST's chief executive, Damian Hill, said REST will provide access to a third party clearing house to enable REST employers to pay their super contributions for all employees electronically with one file and one payment.
"The 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," Hill said.
FCA general manager, Kym DeBritt, noted that the franchise sector employs more than 460,000 people across 1160 franchise systems, and an estimated 79,000 franchise units.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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