REST Industry Super delivers 0.85%BY ALEX DUNNIN | WEDNESDAY, 18 JUL 2012 11:25AMREST Industry Super has delivered a positive 2011-12 return of 0.85% for its default Core option and 1.18% for same option in the pension division.
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I'm just curious whether this is the 'earning rate' or the 'crediting rate'. According to their website the two may differ (and have in previous years) so just wondering what performance members actually receive in their account balances?
It looks like these REST financial "clowns" have no clue in what to invest in. If a fund only grows by 0.85%, will these guys salary be trimmed down because of bad performance? I guess not. Either we look for another fund or take a self managed approach.